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Equity - Basic and Diluted Earnings Per Common Share (Detail) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Equity [Abstract]        
Net income attributable to Redwood $ 19,164 $ 45,097 $ 61,029 $ 73,447
Less: Dividends and undistributed earnings allocated to participating securities (553) (1,054) (1,928) (1,819)
Net income allocated to common shareholders $ 18,611 $ 44,043 $ 59,101 $ 71,628
Basic weighted average common shares outstanding (shares) 83,787,533 83,017,534 83,696,461 82,722,079
Basic earnings per common share (usd per share) $ 0.22 $ 0.53 $ 0.71 $ 0.87
Less: Dividends and undistributed earnings allocated to participating securities $ (553) $ (756) $ (1,928) $ (1,784)
Add back: Interest expense on convertible notes for the period, net of tax 0 3,855 0 0
Net income allocated to common shareholders $ 18,611 $ 48,196 $ 59,101 $ 71,663
Net effect of dilutive equity awards (in shares) 1,287,171 2,113,248 1,642,535 2,309,051
Net effect of assumed convertible notes conversion to common shares (in shares) 0 11,825,450 0 0
Diluted weighted average common shares outstanding (shares) 85,074,704 96,956,232 85,338,996 85,031,130
Diluted earnings per common share (usd per share) $ 0.22 $ 0.50 $ 0.69 $ 0.84