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Mortgage Servicing Rights - Schedule of Fair Value of MSRs and Aggregate Principal Amounts of Associated Loans (Detail) (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2015
Dec. 31, 2014
Servicing Assets at Fair Value [Line Items]    
MSR Fair Value $ 120,324us-gaap_ServicingAssetAtFairValueAmount [1] $ 139,293us-gaap_ServicingAssetAtFairValueAmount [1]
Associated Principal 12,652,638us-gaap_ServicingAsset 13,667,930us-gaap_ServicingAsset
Conforming Loan    
Servicing Assets at Fair Value [Line Items]    
MSR Fair Value 69,203us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= rwt_ConformingLoanMember
81,301us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= rwt_ConformingLoanMember
Associated Principal 6,800,645us-gaap_ServicingAsset
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= rwt_ConformingLoanMember
7,705,146us-gaap_ServicingAsset
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= rwt_ConformingLoanMember
Jumbo Loan    
Servicing Assets at Fair Value [Line Items]    
MSR Fair Value 51,121us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= rwt_JumboLoanMember
57,992us-gaap_ServicingAssetAtFairValueAmount
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= rwt_JumboLoanMember
Associated Principal $ 5,851,993us-gaap_ServicingAsset
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= rwt_JumboLoanMember
$ 5,962,784us-gaap_ServicingAsset
/ us-gaap_MortgageLoansOnRealEstateLoanTypeAxis
= rwt_JumboLoanMember
[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.