Residential Loans (Tables)

6 Months Ended

Jun. 30, 2016

Mortgage Loans on Real Estate [Line Items]

Summary of Classifications and Carrying Value of Loans

The following table summarizes the classifications and carrying values of the residential loans owned at Redwood and at consolidated Sequoia entities at June 30, 2016 and December 31, 2015.

Table 6.1 – Classifications and Carrying Values of the Residential Loans



June 30, 2016
(In Thousands)	Redwood		Sequoia		Total
Held-for-sale
At fair value - jumbo	$	881,100	$	—	$	881,100
At lower of cost or fair value - jumbo	1,280		—		1,280
Total held-for-sale	882,380		—		882,380
Held-for-investment
At fair value - jumbo	2,277,561		880,197		3,157,758
Total Residential Loans	$	3,159,941	$	880,197	$	4,040,138



December 31, 2015
(In Thousands)	Redwood		Sequoia		Total
Held-for-sale
At fair value - conforming	$	129,819	$	—	$	129,819
At fair value - jumbo	984,486		—		984,486
Lower of cost or fair value - jumbo	1,433		—		1,433
Total held-for-sale	1,115,738		—		1,115,738
Held-for-investment
At fair value - jumbo	1,791,195		1,021,870		2,813,065
Total Residential Loans	$	2,906,933	$	1,021,870	$	3,928,803