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Residential Loans - Additional Information (Detail)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2016
USD ($)
loan
Jun. 30, 2015
USD ($)
Jun. 30, 2016
USD ($)
loan
Jun. 30, 2016
USD ($)
loan
Jun. 30, 2016
USD ($)
loan
Contract
Jun. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
loan
Contract
Mortgage Loans on Real Estate [Line Items]              
Carrying value of loans $ 4,040,138   $ 4,040,138 $ 4,040,138 $ 4,040,138   $ 3,928,803
Transfers from loans held-for-sale to loans held-for-investment     725,825     $ 663,666  
Transfers from loans held-for-investment to loans held-for-sale     $ 359,005     0  
Fixed-rate loans              
Mortgage Loans on Real Estate [Line Items]              
Weighted average coupon rate 4.15%   4.15% 4.15% 4.15%    
FHLB Chicago | Residential Loans              
Mortgage Loans on Real Estate [Line Items]              
Loans pledged as collateral under borrowing agreement with FHLBC $ 2,270,000   $ 2,270,000 $ 2,270,000 $ 2,270,000    
Redwood              
Mortgage Loans on Real Estate [Line Items]              
Carrying value of loans 3,159,941   3,159,941 3,159,941 3,159,941   2,906,933
Sequoia              
Mortgage Loans on Real Estate [Line Items]              
Carrying value of loans 880,197   880,197 $ 880,197 880,197   $ 1,021,870
Residential Loans at Fair Value              
Mortgage Loans on Real Estate [Line Items]              
Number of loans | loan       1,154     1,763
Loan Principal 859,000   859,000 $ 859,000 859,000   $ 1,090,000
Carrying value of loans 881,000   881,000 881,000 881,000   1,110,000
Principal value of loans purchased 1,320,000 $ 2,780,000 2,510,000     5,180,000  
Principal balance of loans sold during period 810,000 2,740,000 2,050,000     4,930,000  
Valuation adjustments 6,000 (3,000) 11,000     (1,000)  
Loan pledged as collateral 775,000   775,000 775,000 775,000    
Loans held-for-investment, in foreclosure 1,000   1,000 1,000 1,000    
Residential Loans at Fair Value | Jumbo Loan              
Mortgage Loans on Real Estate [Line Items]              
Carrying value of loans 881,100   881,100 881,100 881,100   984,486
Residential Loans at Fair Value | Jumbo Loan | Redwood              
Mortgage Loans on Real Estate [Line Items]              
Carrying value of loans 881,100   881,100 881,100 881,100   984,486
Residential Loans at Fair Value | Jumbo Loan | Sequoia              
Mortgage Loans on Real Estate [Line Items]              
Carrying value of loans $ 0   $ 0 $ 0 $ 0   $ 0
Residential Loans at Fair Value | Financing Receivables, Equal to Greater than 90 Days Past Due              
Mortgage Loans on Real Estate [Line Items]              
Number of loans past due | loan 0   0 0 0   1
Number of loans in foreclosure | loan 1   1 1 1    
Residential Loans at Lower of Cost or Fair Value              
Mortgage Loans on Real Estate [Line Items]              
Number of loans       9 8    
Loan Principal $ 2,000   $ 2,000 $ 2,000 $ 2,000   $ 2,000
Carrying value of loans $ 1,280   $ 1,280 $ 1,280 $ 1,280   $ 1,433
Number of loans in foreclosure | loan 1   1 1 1   1
Loans held-for-investment, delinquent greater than 90 days $ 300   $ 300 $ 300 $ 300   $ 400
Loans held-for-investment, in foreclosure 100   100 100 100   100
Residential Loans at Lower of Cost or Fair Value | Redwood              
Mortgage Loans on Real Estate [Line Items]              
Carrying value of loans 1,280   1,280 1,280 1,280   1,433
Residential Loans at Lower of Cost or Fair Value | Sequoia              
Mortgage Loans on Real Estate [Line Items]              
Carrying value of loans $ 0   $ 0 $ 0 $ 0   $ 0
Residential Loans at Lower of Cost or Fair Value | Financing Receivables, Equal to Greater than 90 Days Past Due              
Mortgage Loans on Real Estate [Line Items]              
Number of loans past due | loan 1   1 1 1   1
Residential Loans Held For Investment at Fair Value              
Mortgage Loans on Real Estate [Line Items]              
Number of loans | loan       3,032     2,398
Loan Principal $ 2,210,000   $ 2,210,000 $ 2,210,000 $ 2,210,000   $ 1,760,000
Carrying value of loans             $ 1,790,000
Valuation adjustments (1,000) (6,000) 23,000     (4,000)  
Transfers from loans held-for-sale to loans held-for-investment 65,000 215,000 725,000     662,000  
Transfers from loans held-for-investment to loans held-for-sale $ 2,000   $ 56,000        
Weighted average original Fair Isaac Corporation (FICO) score 773   773 773 773    
Weighted average original loan-to-value (LTV) 66.00%   66.00% 66.00% 66.00%    
Percentage of fixed-rate loans 99.00%   99.00% 99.00% 99.00%    
Residential Loans Held For Investment at Fair Value | Hybrid loans              
Mortgage Loans on Real Estate [Line Items]              
Weighted average coupon rate 4.01%   4.01% 4.01% 4.01%    
Residential Loans Held For Investment at Fair Value | Originated Between 2013 and 2016              
Mortgage Loans on Real Estate [Line Items]              
Percentage of loan portfolio originated in year 93.00%   93.00% 93.00% 93.00%    
Residential Loans Held For Investment at Fair Value | Originated 2012 and prior years              
Mortgage Loans on Real Estate [Line Items]              
Percentage of loan portfolio originated in year 7.00%   7.00% 7.00% 7.00%    
Residential Loans Held For Investment at Fair Value | Sequoia              
Mortgage Loans on Real Estate [Line Items]              
Number of loans       4,071     4,545
Loan Principal $ 995,000   $ 995,000 $ 995,000 $ 995,000   $ 1,120,000
Carrying value of loans 880,000   880,000 880,000 880,000   1,020,000
Loans held-for-investment, delinquent greater than 90 days 20,000   20,000 20,000 20,000   27,000
Loans held-for-investment, in foreclosure $ 25,000   $ 25,000 $ 25,000 $ 25,000   32,000
Weighted average original Fair Isaac Corporation (FICO) score 729   729 729 729    
Weighted average original loan-to-value (LTV) 66.00%   66.00% 66.00% 66.00%    
Valuation adjustments $ 8,000 $ 2,000 $ (28,000)     $ 5,000  
Residential Loans Held For Investment at Fair Value | Jumbo Loan              
Mortgage Loans on Real Estate [Line Items]              
Carrying value of loans 3,157,758   3,157,758 $ 3,157,758 $ 3,157,758   2,813,065
Residential Loans Held For Investment at Fair Value | Jumbo Loan | Redwood              
Mortgage Loans on Real Estate [Line Items]              
Carrying value of loans 2,277,561   2,277,561 2,277,561 2,277,561   1,791,195
Residential Loans Held For Investment at Fair Value | Jumbo Loan | Sequoia              
Mortgage Loans on Real Estate [Line Items]              
Carrying value of loans 880,197   880,197 880,197 880,197   $ 1,021,870
Mortgage servicing rights              
Mortgage Loans on Real Estate [Line Items]              
Mortgage servicing rights, at amortized cost $ 2,280,000   $ 2,280,000 $ 2,280,000 $ 2,280,000