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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash Flows From Operating Activities:    
Net income $ 14,801us-gaap_NetIncomeLoss $ 12,333us-gaap_NetIncomeLoss
Adjustments to reconcile net income to net cash used in operating activities:    
Amortization of premiums, discounts, and securities issuance costs, net (9,176)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments (9,158)us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments
Depreciation and amortization of non-financial assets 143us-gaap_DepreciationAndAmortization 106us-gaap_DepreciationAndAmortization
Purchases of held-for-sale loans (2,558,425)us-gaap_PaymentsToPurchaseLoansHeldForSale (1,181,488)us-gaap_PaymentsToPurchaseLoansHeldForSale
Proceeds from sales of held-for-sale loans 2,455,452us-gaap_ProceedsFromSaleOfLoansHeldForSale 785,380us-gaap_ProceedsFromSaleOfLoansHeldForSale
Principal payments on held-for-sale loans 14,394us-gaap_ProceedsFromCollectionOfLoansHeldForSale 7,014us-gaap_ProceedsFromCollectionOfLoansHeldForSale
Net settlements of derivatives (19,373)rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities (8,394)rwt_PaymentsForProceedsFromDerivativeInstrumentOperatingActivities
Provision for loan losses 206us-gaap_ProvisionForLoanLeaseAndOtherLosses 1,284us-gaap_ProvisionForLoanLeaseAndOtherLosses
Non-cash equity award compensation expense 2,692us-gaap_ShareBasedCompensation 3,872us-gaap_ShareBasedCompensation
Market valuation adjustments, net 19,435rwt_MarketValuationAdjustmentsNet 9,446rwt_MarketValuationAdjustmentsNet
Realized gains, net (4,306)us-gaap_GainLossOnSaleOfInvestments (1,092)us-gaap_GainLossOnSaleOfInvestments
Net change in:    
Accrued interest receivable and other assets (38,394)us-gaap_IncreaseDecreaseInOperatingAssets (7,279)us-gaap_IncreaseDecreaseInOperatingAssets
Accrued interest payable, deferred tax liabilities, and accrued expenses and other liabilities 3,476us-gaap_IncreaseDecreaseInOperatingLiabilities (13,682)us-gaap_IncreaseDecreaseInOperatingLiabilities
Net cash used in operating activities (119,075)us-gaap_NetCashProvidedByUsedInOperatingActivities (401,658)us-gaap_NetCashProvidedByUsedInOperatingActivities
Cash Flows From Investing Activities:    
Purchases of loans held-for-investment (7,600)us-gaap_PaymentsToAcquireLoansAndLeasesHeldForInvestment (32,998)us-gaap_PaymentsToAcquireLoansAndLeasesHeldForInvestment
Principal payments on held-for-investment loans 101,754us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment 70,800us-gaap_ProceedsFromPrincipalRepaymentsOnLoansAndLeasesHeldForInvestment
Purchases of real estate securities (15,613)us-gaap_PaymentsToAcquireMarketableSecurities (49,709)us-gaap_PaymentsToAcquireMarketableSecurities
Proceeds from sales of real estate securities 77,293us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities 0us-gaap_ProceedsFromSaleAndMaturityOfMarketableSecurities
Principal payments on real estate securities 26,313rwt_ProceedsFromPrincipalRepaymentsOnSecurities 42,304rwt_ProceedsFromPrincipalRepaymentsOnSecurities
Purchase of mortgage servicing rights (5,173)us-gaap_PaymentsToAcquireMortgageServicingRightsMSR (928)us-gaap_PaymentsToAcquireMortgageServicingRightsMSR
Proceeds from sales of mortgage servicing rights 17,235us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR 0us-gaap_ProceedsFromSaleOfMortgageServicingRightsMSR
Net change in restricted cash (97)us-gaap_IncreaseDecreaseInRestrictedCash (34)us-gaap_IncreaseDecreaseInRestrictedCash
Net cash provided by investing activities 194,112us-gaap_NetCashProvidedByUsedInInvestingActivities 29,435us-gaap_NetCashProvidedByUsedInInvestingActivities
Cash Flows From Financing Activities:    
Proceeds from borrowings on short-term debt 1,641,380us-gaap_ProceedsFromShortTermDebt 920,955us-gaap_ProceedsFromShortTermDebt
Repayments on short-term debt (1,933,041)us-gaap_RepaymentsOfShortTermDebt (494,956)us-gaap_RepaymentsOfShortTermDebt
Proceeds from issuance of asset-backed securities 420us-gaap_ProceedsFromIssuanceOfSecuredDebt 0us-gaap_ProceedsFromIssuanceOfSecuredDebt
Repayments on asset-backed securities issued (80,918)us-gaap_RepaymentsOfSecuredDebt (88,523)us-gaap_RepaymentsOfSecuredDebt
Deferred securities issuance costs (32)us-gaap_PaymentsOfDebtIssuanceCosts 0us-gaap_PaymentsOfDebtIssuanceCosts
Proceeds from issuance of long-term debt 354,932us-gaap_ProceedsFromIssuanceOfLongTermDebt 36,782us-gaap_ProceedsFromIssuanceOfLongTermDebt
Repayments on long-term debt 0us-gaap_RepaymentsOfLongTermDebt (17)us-gaap_RepaymentsOfLongTermDebt
Net settlements of derivatives 658us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities (721)us-gaap_PaymentsForProceedsFromDerivativeInstrumentFinancingActivities
Net proceeds from issuance of common stock 134us-gaap_ProceedsFromIssuanceOfCommonStock 122us-gaap_ProceedsFromIssuanceOfCommonStock
Taxes paid on equity award distributions (318)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation (905)us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation
Dividends paid (24,162)us-gaap_PaymentsOfDividends (23,749)us-gaap_PaymentsOfDividends
Net cash provided by financing activities (40,947)us-gaap_NetCashProvidedByUsedInFinancingActivities 348,988us-gaap_NetCashProvidedByUsedInFinancingActivities
Net (decrease) increase in cash and cash equivalents 34,090us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease (23,235)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 269,730us-gaap_CashAndCashEquivalentsAtCarryingValue [1] 173,201us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 303,820us-gaap_CashAndCashEquivalentsAtCarryingValue [1] 149,966us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash paid during the period for:    
Interest 15,032us-gaap_InterestPaid 15,386us-gaap_InterestPaid
Taxes 38us-gaap_IncomeTaxesPaid 1,399us-gaap_IncomeTaxesPaid
Supplemental Noncash Information:    
Real estate securities retained from loan securitizations 6,282us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds 0us-gaap_TransfersOfFinancialAssetsAccountedForAsSaleInitialFairValueOfAssetsObtainedAsProceeds
Retention of mortgage servicing rights from loan securitizations and sales 15,675us-gaap_ServicingAssetAtFairValueAdditions 2,294us-gaap_ServicingAssetAtFairValueAdditions
Transfers from loans held-for-sale to loans held-for-investment 447,840us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1 37,631us-gaap_TransferOfPortfolioLoansAndLeasesToHeldForSale1
Transfers from residential loans to real estate owned $ 3,166us-gaap_TransferOfOtherRealEstate $ 135us-gaap_TransferOfOtherRealEstate
[1] Our consolidated balance sheets include assets of consolidated variable interest entities (“VIEs”) that can only be used to settle obligations of these VIEs and liabilities of consolidated VIEs for which creditors do not have recourse to the primary beneficiary (Redwood Trust, Inc.). At March 31, 2015 and December 31, 2014, assets of consolidated VIEs totaled $1,716,563 and $1,900,208, respectively, and liabilities of consolidated VIEs totaled $1,354,298 and $1,546,490, respectively. See Note 4 for further discussion.