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Fair Value of Financial Instruments - Market Valuation Adjustments, Net (Details) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2016 | Sep. 30, 2015 | Sep. 30, 2016 | Sep. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Mortgage servicing rights income (loss), net | $ 3,770 | $ 3,549 | $ 12,834 | $ (6,545)
Total Market Valuation Gains (Losses), Net | 16,346 | (19,067) | (9,238) | (40,546)
Mortgage Banking Activities, Net |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | 9,384 | 47 | 24,063 | 7,160
Mortgage Banking Activities, Net | Residential Loans |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | 650 | 11,010 | 11,948 | 9,892
Mortgage Banking Activities, Net | Residential loan purchase and forward sale commitments |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | 12,021 | 25,173 | 35,508 | 44,482
Mortgage Banking Activities, Net | Commercial Loans at Fair Value |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | 0 | 3,974 | 433 | 10,819
Mortgage Banking Activities, Net | Consolidated Sequoia entities |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | 0 | 0 | 1,455 | (14,359)
Mortgage Banking Activities, Net | Risk management derivatives, net |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | (3,287) | (40,110) | (25,281) | (43,674)
Investment Fair Value Changes, Net |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | 11,918 | (14,169) | (18,686) | (17,105)
Investment Fair Value Changes, Net | Consolidated Sequoia entities |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | (255) | (500) | (2,086) | (2,277)
Investment Fair Value Changes, Net | Risk management derivatives, net |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | 4,222 | (12,638) | (41,188) | (16,386)
Investment Fair Value Changes, Net | Residential loans held-for-investment at Redwood |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | (655) | 9,077 | 22,161 | 5,170
Investment Fair Value Changes, Net | Trading securities |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | 8,898 | (8,784) | 3,728 | (1,587)
Investment Fair Value Changes, Net | Commercial loans, held-for-investment |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | (307) | 0 | (307) | 0
Investment Fair Value Changes, Net | Risk sharing investments |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | 15 | (1,098) | (689) | (1,799)
Investment Fair Value Changes, Net | Impairments on AFS securities |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Market valuations gains and losses, net | 0 | (226) | (305) | (226)
MSR Income (Loss), Net |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Mortgage servicing rights income (loss), net | (4,956) | (4,945) | (14,615) | (30,601)
MSR Income (Loss), Net | Risk management derivatives, net |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Mortgage servicing rights income (loss), net | (6,336) | 23,551 | 55,874 | 1,736
MSR Income (Loss), Net | MSRs |  |  |  |
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items] |  |  |  |
Mortgage servicing rights income (loss), net | $ 1,380 | $ (28,496) | $ (70,489) | $ (32,337)

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- Definition The aggregate net change in market value for certain assets and liabilities that was included in earnings for the period. This includes changes in market values for assets and liabilities accounted for at fair value, as well as the credit portion of other-than-temporary impairments on securities available for sale, impairments on loans held-for-sale and real estate owned. + References No definition available. + Details
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