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Commercial Loans - Summary of Classifications and Carrying Value of Commercial Loans (Details) - USD ($)
$ in Thousands
Mar. 31, 2016
Dec. 31, 2015
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Commercial loans $ 363,893 $ 402,647
Commercial Loans Held For Sale    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Commercial loans [1] 0 39,141
Commercial Loans Held For Investment    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Commercial loans [1] 363,893 363,506
Loans at fair value 69,674 67,657
Commercial Loans Held-for-Investment, at Amortized Cost    
Accounts, Notes, Loans and Financing Receivable [Line Items]    
Commercial loans 294,219 295,849
Loans Financed through Securitization $ 165,000 $ 166,000
[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 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.