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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

Mar. 31, 2016

USD ($)

series

Dec. 31, 2015

USD ($)

series

Debt Instrument [Line Items]

Secured Debt, Net Of Debt Issuance Costs

^[1],[2]

$ 2,683,432

$ 2,027,737

Asset-backed Securities

Debt Instrument [Line Items]

Principal value

958,703

1,049,957

Market valuation adjustments

(141,939)

(116,637)

Deferred debt issuance costs

(339)

(542)

Secured Debt, Net Of Debt Issuance Costs

958,364

1,049,415

Asset-backed Securities | Certificates With Principal Value

Debt Instrument [Line Items]

Principal value

1,096,044

1,161,922

Asset-backed Securities | Interest Only Certificates

Debt Instrument [Line Items]

Principal value

4,598

4,672

Asset-backed Securities | Sequoia

Debt Instrument [Line Items]

Principal value

907,023

996,820

Market valuation adjustments

(141,939)

(116,637)

Deferred debt issuance costs

0

0

Secured Debt, Net Of Debt Issuance Costs

$ 907,023

$ 996,820

Number of series | series

20

21

Asset-backed Securities | Sequoia | Minimum

Debt Instrument [Line Items]

Weighted average interest rates, by series

0.64%

0.41%

Asset-backed Securities | Sequoia | Maximum

Debt Instrument [Line Items]

Weighted average interest rates, by series

1.87%

2.21%

Asset-backed Securities | Sequoia | Certificates With Principal Value

Debt Instrument [Line Items]

Principal value

$ 1,044,364

$ 1,108,785

Asset-backed Securities | Sequoia | Interest Only Certificates

Debt Instrument [Line Items]

Principal value

4,598

4,672

Asset-backed Securities | Commercial Securitization

Debt Instrument [Line Items]

Principal value

51,680

53,137

Deferred debt issuance costs

(339)

(542)

Secured Debt, Net Of Debt Issuance Costs

$ 51,341

$ 52,595

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

$ 51,680

$ 53,137

[1]

At March 31, 2016 and December 31, 2015, Asset-backed securities issued, net included $339 and $542, respectively, of deferred debt issuance costs, and long-term debt, net included $9,513 and $10,438, respectively, of deferred debt issuance costs.

[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 March 31, 2016 and December 31, 2015, assets of consolidated VIEs totaled $1,102,195 and $1,195,574, respectively. At March 31, 2016 and December 31, 2015, liabilities of consolidated VIEs totaled $959,464 and $1,050,861, respectively. See Note 4 for further discussion.

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