XML 51 R36.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Commercial Loans (Tables) - Commercial Loans | 12 Months Ended
--- | ---
Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items] |
Summary of Classifications and Carrying Value of Loans | The following table summarizes the classifications and carrying value of commercial loans at December 31, 2015 and December 31, 2014. Table 7.1 – Classifications and Carrying Value of Commercial Loans
(In Thousands) |  | December 31, 2015 |  | December 31, 2014
Held-for-sale, at fair value |  | $ | 39,141 |  |  | $ | 166,234 |
Held-for-investment |  |  |  |
At fair value |  | 67,657 |  |  | 71,262 |
At amortized cost |  | 295,849 |  |  | 329,431 |
Total Commercial Loans |  | $ | 402,647 |  |  | $ | 566,927 |
Carrying Value for Loans Held-for-Investment | The following table provides additional information for our commercial loans held-for-investment at amortized cost at December 31, 2015 and December 31, 2014. Table 7.2 – Carrying Value for Commercial Loans Held-for-Investment
(In Thousands) |  | December 31, 2015 |  | December 31, 2014
Principal balance |  | $ | 307,047 |  |  | $ | 341,750 |
Unamortized discount, net |  | (4,096 | ) |  | (4,862 | )
Recorded investment |  | 302,951 |  |  | 336,888 |
Allowance for loan losses |  | (7,102 | ) |  | (7,457 | )
Carrying Value |  | $ | 295,849 |  |  | $ | 329,431 |
Commercial Loans Held-for-Investment by Risk Category | The following table presents the principal balance of commercial loans held-for-investment by risk category. Table 7.3 – Principal Balance of Commercial Loans Held-for-Investment by Risk Category
(In Thousands) |  | December 31, 2015 |  | December 31, 2014
Pass |  | $ | 272,768 |  |  | $ | 316,122 |
Watch list |  | 34,279 |  |  | 25,628 |
Total Commercial Loans Held-for-Investment |  | $ | 307,047 |  |  | $ | 341,750 |
Summary of Activity in Allowance for Loans Losses | The following table summarizes the activity in the allowance for commercial loan losses for the years ended December 31, 2015, 2014, and 2013. Table 7.4 – Activity in the Allowance for Commercial Loan Losses
|  | Years Ended December 31,
(In Thousands) |  | 2015 |  | 2014 |  | 2013
Balance at beginning of period |  | $ | 7,457 |  |  | $ | 7,373 |  |  | 4,084 |
Charge-offs, net |  | — |  |  | — |  |  | — |
(Reversal of) provision for loan losses |  | (355 | ) |  | 84 |  |  | 3,289 |
Balance at End of Period |  | $ | 7,102 |  |  | $ | 7,457 |  |  | $ | 7,373 |
Loans Evaluated for Impairment | The following table summarizes the balances for loans collectively evaluated for impairment at December 31, 2015 and December 31, 2014. Table 7.5 – Loans Collectively Evaluated for Impairment Review
(In Thousands) |  | December 31, 2015 |  | December 31, 2014
Principal balance |  | $ | 307,047 |  |  | $ | 341,750 |
Recorded investment |  | 302,951 |  |  | 336,888 |
Related allowance |  | 7,102 |  |  | 7,457 |
Geographic Concentration of Loans Recorded on Consolidated Balance Sheet | The following table displays the geographic concentration of commercial loans recorded on our consolidated balance sheets at December 31, 2015 and 2014. Table 7.6 – Geographic Concentration of Commercial Loans
|  | December 31, 2015 |  | December 31, 2014
Geographic Concentration (by Principal) |  | Held-for-Sale |  | Held-for- Investment |  | Held-for-Sale |  | Held-for- Investment
Nevada |  | 45 | % |  | — | % |  | — | % |  | — | %
Virginia |  | 26 | % |  | — | % |  | — | % |  | — | %
Florida |  | 18 | % |  | 10 | % |  | — | % |  | 17 | %
Illinois |  | 11 | % |  | — | % |  | — | % |  | — | %
California |  | — | % |  | 22 | % |  | 6 | % |  | 19 | %
New York |  | — | % |  | 19 | % |  | — | % |  | 18 | %
Michigan |  | — | % |  | 10 | % |  | 18 | % |  | 8 | %
Washington, District of Columbia |  | — | % |  | — | % |  | 25 | % |  | — | %
Colorado |  | — | % |  | — | % |  | 17 | % |  | — | %
Connecticut |  | — | % |  | — | % |  | 10 | % |  | — | %
Texas |  | — | % |  | 5 | % |  | 9 | % |  | — | %
Maryland |  | — | % |  | — | % |  | 7 | % |  | — | %
North Carolina |  | — | % |  | — | % |  | — | % |  | 6 | %
Other states (none greater than 5%) |  | — | % |  | 34 | % |  | 8 | % |  | 32 | %
Total |  | 100 | % |  | 100 | % |  | 100 | % |  | 100 | %
Loan Product Type and Accompanying Loan Characteristics of Loans | The following table displays the loan product type and accompanying loan characteristics of commercial loans recorded on our consolidated balance sheets at December 31, 2015 and 2014. Table 7.7 – Characteristics and Product Types of Commercial Loans
December 31, 2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(In Thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loan Balance |  |  | Number of Loans |  | Interest Rate |  | Maturity Date |  | Total Principal |  | 30-89 Days DQ |  | 90+ Days DQ
Held-for-Investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| $ | — |  | to | $ | 5,000 |  |  |  | 40 |  |  | 9.50 | % | to | 12.50 | % |  | 2016-08 | - | 2024-12 |  | $ | 109,973 |  |  | $ | — |  |  | $ | — |
| $ | 5,001 |  | to | $ | 10,000 |  |  |  | 11 |  |  | 4.43 | % | to | 11.00 | % |  | 2015-04 | - | 2025-01 |  | 87,510 |  |  | — |  |  | — |
| $ | 10,001 |  | to | $ | 15,000 |  |  |  | 3 |  |  | 9.50 | % | to | 9.50 | % |  | 2018-01 | - | 2021-06 |  | 42,374 |  |  | — |  |  | — |
| $ | 15,001 |  | to | $ | 20,000 |  |  |  | 1 |  |  | 10.50 | % | to | 11.00 | % |  | 2016-06 | - | 2022-06 |  | 20,000 |  |  | — |  |  | — |
| $ | 25,001 |  | to | $ | 30,000 |  |  |  | 1 |  |  |  |  | 10.00 | % |  |  |  | 2016-10 |  | 25,405 |  |  | — |  |  | — |
|  |  |  |  |  | 56 |  |  |  |  |  |  |  |  |  |  | 285,262 |  |  | — |  |  | — |
ARM loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| $ | — |  | to | $ | 5,000 |  |  |  | 1 |  |  | 11.20 | % | to | 11.20 | % |  | 2016-11 | - | 2016-11 |  | 1,330 |  |  | — |  |  | — |
| $ | 5,001 |  | to | $ | 10,000 |  |  |  | 1 |  |  | 12.00 | % | to | 12.00 | % |  | 2015-02 | - | 2016-10 |  | 5,455 |  |  | — |  |  | — |
| $ | 10,001 |  | to | $ | 15,000 |  |  |  | 1 |  |  | 9.16 | % | to | 9.16 | % |  | 2014-11 | - | 2016-08 |  | 15,000 |  |  | — |  |  | — |
|  |  |  |  |  | 3 |  |  |  |  |  |  |  |  |  |  | 21,785 |  |  | — |  |  | — |
Total Held-for-Investment |  | 59 |  |  |  |  |  |  |  |  |  |  | $ | 307,047 |  |  | $ | — |  |  | $ | — |
Held-for-Investment, at Fair Value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| $ | — |  | to | $ | 5,000 |  |  |  | 3 |  |  | 10.00 | % | to | 10.00 | % |  | 2023-12 | - | 2024-04 |  | $ | 4,505 |  |  | $ | — |  |  | $ | — |
| $ | 10,001 |  | to | $ | 15,000 |  |  |  | 1 |  |  |  |  | 4.95 | % |  |  |  | 2014-01 |  | 11,169 |  |  | — |  |  | — |
| $ | 20,001 |  | to | $ | 25,000 |  |  |  | 1 |  |  |  |  | 4.83 | % |  |  |  | 2023-12 |  | 21,788 |  |  | — |  |  | — |
| $ | 25,001 |  | to | $ | 30,000 |  |  |  | 1 |  |  |  |  | 4.79 | % |  |  |  | 2024-04 |  | 29,500 |  |  | — |  |  | — |
Total Held-for-Investment, at Fair Value |  | 6 |  |  |  |  |  |  |  |  |  |  | $ | 66,962 |  |  | $ | — |  |  | $ | — |
Held-for-Sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| $ | — |  | to | $ | 5,000 |  |  |  | 1 |  |  | 4.81 | % | to | 4.81 | % |  | 2025-10 | - | 2025-10 |  | $ | 4,150 |  |  | $ | — |  |  | $ | — |
| $ | 5,001 |  | to | $ | 10,000 |  |  |  | 2 |  |  | 5.05 | % |  | 5.05 | % |  | 2026-01 | - | 2026-01 |  | 16,900 |  |  | — |  |  | — |
| $ | 15,001 |  | to | $ | 20,000 |  |  |  | 1 |  |  | 4.90 | % |  | 4.90 | % |  | 2025-12 | - | 2025-12 |  | 17,700 |  |  | — |  |  | — |
Total Held-for-Sale |  | 4 |  |  |  |  |  |  |  |  |  |  | $ | 38,750 |  |  | $ | — |  |  | $ | — |
December 31, 2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
(In Thousands) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loan Balance |  |  | Number of Loans |  | Interest Rate |  | Maturity Date |  | Total Principal |  | 30-89 Days DQ |  | 90+ Days DQ
Held-for-Investment: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| $ | — |  | to | $5,000 |  |  | 37 |  |  | 9.50 | % | to | 12.50 | % |  | 2016-08 | - | 2024-12 |  | $ | 102,994 |  |  | $ | — |  |  | $ | — |
| $ | 5,001 |  | to | $10,000 |  |  | 14 |  |  | 4.43 | % | to | 11.00 | % |  | 2015-04 | - | 2025-01 |  | 109,551 |  |  | — |  |  | — |
| $ | 10,001 |  | to | $15,000 |  |  | 2 |  |  | 9.50 | % | to | 9.50 | % |  | 2018-01 | - | 2021-06 |  | 24,874 |  |  | — |  |  | — |
| $ | 15,001 |  | to | $20,000 |  |  | 2 |  |  | 10.50 | % | to | 11.00 | % |  | 2016-06 | - | 2022-06 |  | 37,700 |  |  | — |  |  | — |
| $ | 25,001 |  | to | $30,000 |  |  | 1 |  |  |  |  | 10.00 | % |  |  |  | 2016-10 |  | 25,629 |  |  | — |  |  | — |
|  |  |  |  |  | 56 |  |  |  |  |  |  |  |  |  |  | 300,748 |  |  | — |  |  | — |
ARM loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| $ | 5,001 |  | to | $10,000 |  |  | 2 |  |  | 10.80 | % | to | 12.00 | % |  | 2015-02 | - | 2016-10 |  | 15,478 |  |  | — |  |  | — |
| $ | 10,001 |  | to | $15,000 |  |  | 2 |  |  | 9.16 | % | to | 11.20 | % |  | 2014-11 | - | 2016-08 |  | 25,524 |  |  | — |  |  | — |
|  |  |  |  |  | 4 |  |  |  |  |  |  |  |  |  |  | 41,002 |  |  | — |  |  | — |
Total Held-for-Investment |  | 60 |  |  |  |  |  |  |  |  |  |  | $ | 341,750 |  |  | $ | — |  |  | $ | — |
Held-for-Investment, at Fair Value: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate loans: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| $ | — |  | to | $5,000 |  |  | 3 |  |  | 10.00 | % | to | 10.00 | % |  | 2023-12 | - | 2024-04 |  | $ | 4,555 |  |  | $ | — |  |  | $ | — |
| $ | 10,001 |  | to | $15,000 |  |  | 1 |  |  |  |  | 4.95 | % |  |  |  | 2024-01 |  | 11,399 |  |  | — |  |  | — |
| $ | 20,001 |  | to | $25,000 |  |  | 1 |  |  |  |  | 4.83 | % |  |  |  | 2023-12 |  | 22,102 |  |  | — |  |  | — |
| $ | 25,001 |  | to | $30,000 |  |  | 1 |  |  |  |  | 4.79 | % |  |  |  | 2024-04 |  | 29,500 |  |  | — |  |  | — |
Total Held-for-Investment, at Fair Value |  | 6 |  |  |  |  |  |  |  |  |  |  | $ | 67,556 |  |  | $ | — |  |  | $ | — |
Held-for-Sale |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fixed-rate loans: |  | 13 |  |  | 4.19 | % | to | 4.79 | % |  | 2024-12 | - | 2045-01 |  | $ | 162,790 |  |  | $ | — |  |  | $ | — |

X
- Definition Tabular disclosure of the net carrying value for loans by entity as of the balance sheet date. + References No definition available. + Details
Name: | rwt_CarryingValueOfLoansTableTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables that were collectively evaluated for impairment. + References No definition available. + Details
Name: | rwt_CollectivelyEvaluatedReceivablesTableTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Loans Held for Investment + References No definition available. + Details
Name: | rwt_LoansHeldForInvestmentTableTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of Loans Receivable. + References No definition available. + Details
Name: | rwt_ScheduleOfLoansReceivableTableTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule Of Percentage Of Principal Loan By Geographical Area. + References No definition available. + Details
Name: | rwt_ScheduleOfPercentageOfPrincipalLoanByGeographicalAreaTableTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
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_AccountsNotesAndLoansReceivableLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of financing receivables (examples of financing receivables include loans, trade accounts receivable and notes receivable) and activity in the allowance for credit losses account. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 310 -SubTopic 10 -Section 50 -Paragraph 11B -URI http://asc.fasb.org/extlink&oid=49124121&loc=SL6953423-111524 + Details
Name: | us-gaap_AllowanceForCreditLossesOnFinancingReceivablesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_FinancingReceivablePortfolioSegmentAxis=us-gaap_CommercialPortfolioSegmentMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |