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Principles of Consolidation - Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood (Detail) - Variable Interest Entity, Not Primary Beneficiary - USD ($)
$ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2016
Dec. 31, 2015
Mortgage servicing rights    
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]    
Fair value $ 30,976 $ 56,984
Expected life (in years) 5 years 7 years
Prepayment speed assumption (annual CPR) 28.00% 11.00%
Decrease in fair value from:    
10% adverse change $ 2,390 $ 2,868
25% adverse change $ 5,631 $ 6,119
Discount rate assumption 11.00% 11.00%
Decrease in fair value from:    
100 basis point increase $ 706 $ 2,711
200 basis point increase 1,373 4,745
Senior Securities    
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]    
Fair value $ 17,710 $ 248,570
Expected life (in years) 4 years 5 years
Prepayment speed assumption (annual CPR) 12.00% 10.00%
Decrease in fair value from:    
10% adverse change $ 688 $ 2,042
25% adverse change $ 1,648 $ 4,810
Discount rate assumption 21.00% 5.00%
Decrease in fair value from:    
100 basis point increase $ 442 $ 10,029
200 basis point increase $ 862 $ 19,365
Credit loss assumption 0.25% 0.25%
Decrease in fair value from:    
10% higher losses $ 8 $ 35
25% higher losses 21 86
Interest Only Securities    
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]    
Fair value 18,000 31,000
Subordinate Securities    
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]    
Fair value $ 267,587 $ 282,842
Expected life (in years) 11 years 12 years
Prepayment speed assumption (annual CPR) 13.00% 12.00%
Decrease in fair value from:    
10% adverse change $ 885 $ 901
25% adverse change $ 2,229 $ 2,278
Discount rate assumption 6.00% 6.00%
Decrease in fair value from:    
100 basis point increase $ 20,724 $ 21,981
200 basis point increase $ 38,779 $ 41,156
Credit loss assumption 0.25% 0.25%
Decrease in fair value from:    
10% higher losses $ 1,225 $ 1,244
25% higher losses $ 3,074 $ 3,129