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Equity - Basic and Diluted Earnings Per Common Share (Detail) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2015
Sep. 30, 2015
Jun. 30, 2015
Mar. 31, 2015
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Earnings Per Share [Abstract]                      
Net income attributable to Redwood $ 41,059 $ 19,164 $ 27,064 $ 14,801 $ 27,122 $ 45,097 $ 16,017 $ 12,333 $ 102,088 $ 100,569 $ 173,246
Less: Dividends and undistributed earnings allocated to participating securities                 (2,806) (2,612) (4,899)
Net income allocated to common shareholders                 $ 99,282 $ 97,957 $ 168,347
Basic weighted average common shares outstanding (in shares)                 82,945,103 82,837,369 81,985,897
Basic earnings per common share (usd per share) $ 0.49 $ 0.22 $ 0.31 $ 0.17 $ 0.32 $ 0.53 $ 0.19 $ 0.14 $ 1.20 $ 1.18 $ 2.05
Less: Dividends and undistributed earnings allocated to participating securities                 $ (2,677) $ (2,524) $ (3,726)
Add back: Interest expense on convertible notes                 0 0 12,641
Net income allocated to common shareholders                 $ 99,411 $ 98,045 $ 182,161
Net effect of dilutive equity awards (in shares)                 1,573,292 2,261,210 1,957,081
Net effect of assumed convertible notes conversion to common shares (in shares)                 0 0 9,751,946
Diluted weighted average common shares outstanding (in shares)                 84,518,395 85,098,579 93,694,924
Diluted earnings per common share (usd per share) $ 0.46 $ 0.22 $ 0.31 $ 0.16 $ 0.31 $ 0.50 $ 0.18 $ 0.14 $ 1.18 $ 1.15 $ 1.94