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Asset-Backed Securities Issued - Components of Asset-Backed Securities Issued by Consolidated Securitization Entities Sponsored, Along With Other Selected Information (Detail)
$ in Thousands

Dec. 31, 2015

USD ($)

series

Dec. 31, 2014

USD ($)

series

Debt Instrument [Line Items]

ABS issued

^[1],[2]

$ 1,049,957

$ 1,545,119

Asset-backed Securities

Debt Instrument [Line Items]

Market valuation adjustments

(116,637)

Unamortized discount

(12,373)

ABS issued

1,049,957

1,545,119

Asset-backed Securities | Certificates With Principal Value

Debt Instrument [Line Items]

Principal value

1,161,922

1,555,413

Asset-backed Securities | Interest Only Certificates

Debt Instrument [Line Items]

Principal value

4,672

2,079

Asset-backed Securities | Sequoia

Debt Instrument [Line Items]

Market valuation adjustments

(116,637)

Unamortized discount

(12,373)

ABS issued

$ 996,820

$ 1,416,762

Number of series | series

21

24

Asset-backed Securities | Sequoia | Minimum

Debt Instrument [Line Items]

Weighted average interest rates, by series

0.41%

0.36%

Asset-backed Securities | Sequoia | Maximum

Debt Instrument [Line Items]

Weighted average interest rates, by series

2.21%

4.27%

Asset-backed Securities | Sequoia | Certificates With Principal Value

Debt Instrument [Line Items]

Principal value

$ 1,108,785

$ 1,427,056

Asset-backed Securities | Sequoia | Interest Only Certificates

Debt Instrument [Line Items]

Principal value

4,672

2,079

Asset-backed Securities | Residential Resecuritization

Debt Instrument [Line Items]

ABS issued

$ 0

$ 45,044

Weighted average interest rates, by series

0.00%

2.16%

Number of series | series

0

1

Asset-backed Securities | Residential Resecuritization | Certificates With Principal Value

Debt Instrument [Line Items]

Principal value

$ 0

$ 45,044

Asset-backed Securities | Commercial Securitization

Debt Instrument [Line Items]

ABS issued

$ 53,137

$ 83,313

Weighted average interest rates, by series

5.62%

5.62%

Number of series | series

1

1

Asset-backed Securities | Commercial Securitization | Certificates With Principal Value

Debt Instrument [Line Items]

Principal value

$ 53,137

$ 83,313

[1]

On January 1, 2015, we adopted ASU 2014-13 and began to account for residential loans held-for-investment and asset backed securities issued at consolidated Sequoia entities (which are VIEs) at fair value. At December 31, 2014, amounts presented in residential loans held-for-investment for these assets included $1,474,386 at historical cost. See Note 3 for further discussion.

[2]

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 December 31, 2015 and December 31, 2014, assets of consolidated VIEs totaled $1,195,574 and $1,900,208, respectively. At December 31, 2015 and December 31, 2014, liabilities of consolidated VIEs totaled $1,050,861 and $1,546,490, respectively. See Note 4 for further discussion.

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