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Equity - Changes to Accumulated Other Comprehensive Income (Loss) by Component (Detail) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Balance at beginning of period [1]     $ 140,688  
Total other comprehensive income (loss) $ (20,973) $ (7,786) (20,967) $ 11,005
Balance at End of Period [1] 119,721   119,721  
Net unrealized gains on available-for-sale securities        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Balance at beginning of period 179,659 197,542 186,737 164,654
Other comprehensive income (loss) before reclassifications (5,673) 1,849 (5,701) 35,078
Amounts reclassified from other accumulated comprehensive income (3,270) (6,409) (10,320) (6,750)
Total other comprehensive income (loss) (8,943) (4,560) (16,021) 28,328
Balance at End of Period 170,716 192,982 170,716 192,982
Net unrealized losses on interest rate agreements accounted for as cash flow hedges        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Balance at beginning of period (38,965) (29,985) (46,049) (15,888)
Other comprehensive income (loss) before reclassifications (12,049) (3,258) (5,023) (17,454)
Amounts reclassified from other accumulated comprehensive income 19 32 77 131
Total other comprehensive income (loss) (12,030) (3,226) (4,946) (17,323)
Balance at End of Period $ (50,995) $ (33,211) $ (50,995) $ (33,211)
[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 Redwood Trust, Inc. or its affiliates. At September 30, 2015 and December 31, 2014, assets of consolidated VIEs totaled $1,539,350 and $1,900,208, respectively. At September 30, 2015 and December 31, 2014, liabilities of consolidated VIEs totaled $1,179,884 and $1,546,490, respectively. See Note 4 for further discussion.