XML 111 R120.htm IDEA: XBRL DOCUMENT
v3.2.0.727

Segment Information - Financial Information by Segment (Detail) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2015 | Jun. 30, 2014 | Jun. 30, 2015 | Jun. 30, 2014
Segment Reporting Information [Line Items] |  |  |  |  |
Interest income |  | $ 63,373 | $ 57,993 | $ 127,119 | $ 113,469
Interest expense |  | (23,008) | (21,151) | (46,969) | (40,211)
Net Interest Income |  | 40,365 | 36,842 | 80,150 | 73,258
Provision for loan losses |  | 261 | 315 | 55 | (967)
Mortgage banking and investment activities | [1] | 5,659 | 2,189 | 6,437 | (4,181)
MSR income (loss), net |  | 830 | (1,777) | (10,094) | (1,171)
Other income |  | 1,299 | 0 | 2,108 | 0
Realized gains, net |  | 6,316 | 1,063 | 10,622 | 2,155
Total non-interest income (loss) |  | 14,104 | 1,475 | 9,073 | (3,197)
Direct operating expenses |  | (25,218) | (22,282) | (50,281) | (42,254)
(Provision for) benefit from income taxes |  | (2,448) | (333) | 2,868 | 1,510
Net Income |  | 27,064 | 16,017 | 41,865 | 28,350
Non-cash amortization income (expense) |  | 8,207 | 8,262 | 16,968 | 17,338
Hedging allocations |  | 0 |  | 0 |
Operating Segments | Residential Mortgage Banking |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Interest income |  | 9,976 | 12,438 | 25,771 | 23,104
Interest expense |  | (3,298) | (2,161) | (7,076) | (3,482)
Net Interest Income |  | 6,678 | 10,277 | 18,695 | 19,622
Provision for loan losses |  | 0 | 0 | 0 | 0
Mortgage banking and investment activities |  | 4,833 | 1,342 | 7,052 | 276
MSR income (loss), net |  | 0 | 0 | 0 | 0
Other income |  | 0 | 0 |  |
Realized gains, net |  | 0 | 0 | 0 | 0
Total non-interest income (loss) |  | 4,833 | 1,342 | 7,052 | 276
Direct operating expenses |  | (11,033) | (9,501) | (21,936) | (16,595)
(Provision for) benefit from income taxes |  | 865 | 259 | 872 | 94
Net Income |  | 1,343 | 2,377 | 4,683 | 3,397
Non-cash amortization income (expense) |  | (44) | (36) | (90) | (88)
Hedging allocations |  | 2,803 |  | 2,803 |
Operating Segments | Residential Investments |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Interest income |  | 34,249 | 27,924 | 64,261 | 55,519
Interest expense |  | (2,660) | (3,116) | (5,469) | (5,966)
Net Interest Income |  | 31,589 | 24,808 | 58,792 | 49,553
Provision for loan losses |  | 0 | 0 | 0 | 0
Mortgage banking and investment activities |  | (1,104) | (3,788) | (1,123) | (9,746)
MSR income (loss), net |  | 830 | (1,777) | (10,094) | (1,171)
Other income |  | 1,299 | 0 | 2,108 |
Realized gains, net |  | 6,316 | 992 | 10,622 | 1,979
Total non-interest income (loss) |  | 7,341 | (4,573) | 1,513 | (8,938)
Direct operating expenses |  | (1,171) | (770) | (2,289) | (1,865)
(Provision for) benefit from income taxes |  | (3,768) | 149 | (258) | 1,676
Net Income |  | 33,991 | 19,614 | 57,758 | 40,426
Non-cash amortization income (expense) |  | 9,324 | 10,586 | 19,162 | 21,833
Hedging allocations |  | (2,753) |  | (2,753) |
Operating Segments | Commercial Mortgage Banking and Investments |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Interest income |  | 12,679 | 11,217 | 23,593 | 21,601
Interest expense |  | (3,497) | (4,404) | (6,986) | (7,708)
Net Interest Income |  | 9,182 | 6,813 | 16,607 | 13,893
Provision for loan losses |  | 261 | (289) | 55 | (944)
Mortgage banking and investment activities |  | 2,614 | 4,981 | 2,321 | 5,814
MSR income (loss), net |  | 0 | 0 | 0 | 0
Other income |  | 0 | 0 |  |
Realized gains, net |  | 0 | 0 | 0 | 0
Total non-interest income (loss) |  | 2,614 | 4,981 | 2,321 | 5,814
Direct operating expenses |  | (3,020) | (2,180) | (6,502) | (4,806)
(Provision for) benefit from income taxes |  | (143) | (750) | 710 | (395)
Net Income |  | 8,894 | 8,575 | 13,191 | 13,562
Non-cash amortization income (expense) |  | (78) | (215) | (128) | (388)
Hedging allocations |  | 0 |  | 0 |
Corporate/Other |  |  |  |  |
Segment Reporting Information [Line Items] |  |  |  |  |
Interest income |  | 6,469 | 6,414 | 13,494 | 13,245
Interest expense |  | (13,553) | (11,470) | (27,438) | (23,055)
Net Interest Income |  | (7,084) | (5,056) | (13,944) | (9,810)
Provision for loan losses |  | 0 | 604 | 0 | (23)
Mortgage banking and investment activities |  | (684) | (346) | (1,813) | (525)
MSR income (loss), net |  | 0 | 0 | 0 | 0
Other income |  | 0 | 0 |  |
Realized gains, net |  | 0 | 71 | 0 | 176
Total non-interest income (loss) |  | (684) | (275) | (1,813) | (349)
Direct operating expenses |  | (9,994) | (9,831) | (19,554) | (18,988)
(Provision for) benefit from income taxes |  | 598 | 9 | 1,544 | 135
Net Income |  | (17,164) | (14,549) | (33,767) | (29,035)
Non-cash amortization income (expense) |  | (995) | $ (2,073) | (1,976) | $ (4,019)
Hedging allocations |  | $ (50) |  | $ (50) |
[1] | For the three months ended June 30, 2015, there were no other-than-temporary impairments. For the three months ended June 30, 2014, other-than-temporary impairments were $2,915, of which $264 were recognized through the Income Statement and $2,651 were recognized in Accumulated Other Comprehensive Income.For the six months ended June 30, 2015, there were no other-then-temporary impairments. For the six months ended June 30, 2014, other-than-temporary impairments were $4,585, of which $377 were recognized through the Income Statement, and $4,208 were recognized in Accumulated Other Comprehensive Income.

X
- Definition Mortgage Banking And Investment Activities + References No definition available. + Details
Name: | rwt_MortgageBankingAndInvestmentActivities
Namespace Prefix: | rwt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Includes income from mortgage banking servicing real estate mortgages, net of subservicing costs, and market valuation changes of MSRs held at fair value. + References No definition available. + Details
Name: | rwt_MortgageServicingRightsIncomeIncludingMarketValuationChangesOfMSRs
Namespace Prefix: | rwt_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The aggregate amount of recurring noncash expense charged against earnings in the period to allocate the cost of assets over their estimated remaining economic lives. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 + Details
Name: | us-gaap_AdjustmentForAmortization
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Gain (loss) incurred in hedging activities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=35706170&loc=SL5618551-113959 + Details
Name: | us-gaap_GainLossOnOilAndGasHedgingActivity
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -Subparagraph (a),(b) -URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08.(h)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Income Tax Expense (or Benefit) -URI http://asc.fasb.org/extlink&oid=6515339 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 08 -Paragraph h -Article 4 + Details
Name: | us-gaap_IncomeTaxExpenseBenefit
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.1-5) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 1, 2 , 3, 4, 5 -Article 9 + Details
Name: | us-gaap_InterestAndDividendIncomeOperating
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of the cost of borrowed funds accounted for as interest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 9 -Article 9 + Details
Name: | us-gaap_InterestExpense
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The net amount of operating interest income (expense). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.10) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 10 -Article 9 + Details
Name: | us-gaap_InterestIncomeExpenseNet
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Net Income -URI http://asc.fasb.org/extlink&oid=6518256 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.19) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.18) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.22) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Glossary Other Comprehensive Income -URI http://asc.fasb.org/extlink&oid=6519514 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 19 -Article 5 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 20 -Article 9 + Details
Name: | us-gaap_NetIncomeLoss
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition The total amount of noninterest income which may be derived from: (1) fees and commissions; (2) premiums earned; (3) insurance policy charges; (4) the sale or disposal of assets; and (5) other sources not otherwise specified. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.13) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 13 -Article 9 + Details
Name: | us-gaap_NoninterestIncome
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. + References No definition available. + Details
Name: | us-gaap_OperatingExpenses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition Reflects the sum of all other revenue and income recognized by the entity in the period not otherwise specified in the income statement. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.4) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 4 -Article 7 + Details
Name: | us-gaap_OtherIncome
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Amount of expense related loan transactions, lease transactions, credit loss from transactions other than loan and lease transactions, and other loss based on assessment of uncollectability from the counterparty to reduce the account to their net realizable value. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=35738203&loc=SL6953423-111524 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.11) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=31042434&loc=d3e3602-108585 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 11 -Article 9 + Details
Name: | us-gaap_ProvisionForLoanLeaseAndOtherLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | debit
Period Type: | duration

X
- Definition The net realized gains or losses on investments during the period, not including gains or losses on securities separately or otherwise categorized as trading, available-for-sale, or held-to-maturity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.7-04.3(a)) -URI http://asc.fasb.org/extlink&oid=6879464&loc=d3e573970-122913 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 944 -SubTopic 325 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6485959&loc=d3e22529-158502 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 04 -Paragraph 3 -Subparagraph a -Article 7 + Details
Name: | us-gaap_RealizedInvestmentGainsLosses
Namespace Prefix: | us-gaap_
Data Type: | xbrli:monetaryItemType
Balance Type: | credit
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_SegmentReportingInformationLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_ConsolidationItemsAxis=us-gaap_OperatingSegmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=rwt_ResidentialMortgageBankingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=rwt_ResidentialInvestmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_StatementBusinessSegmentsAxis=rwt_CommercialMortgageBankingAndInvestmentsMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_ConsolidationItemsAxis=us-gaap_CorporateNonSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |