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Commercial Loans - Summary of Classifications and Carrying Value of Commercial Loans (Details) - USD ($)
$ in Thousands
Sep. 30, 2015
Dec. 31, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Commercial loans $ 468,157 $ 566,927
Commercial Loans Held For Sale    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Commercial loans [1] 80,756 166,234
Commercial Loans Held For Investment    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Commercial loans [1] 387,401 400,693
Loans at fair value 70,096 71,262
Commercial Loans Held-for-Investment, at Amortized Cost    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Commercial loans 317,305 329,431
Loans Financed through Securitization $ 180,000 $ 195,000
[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.