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Asset-Backed Securities Issued - Components of Asset-Backed Securities Issued by Consolidated Securitization Entities Sponsored, Along With Other Selected Information (Details) $ in Thousands | Sep. 30, 2016 USD ($) series | Dec. 31, 2015 USD ($) series
--- | --- | ---
Debt Instrument [Line Items] |  |  |
Total FHLBC Borrowings | [1],[2] | $ 2,619,873 | $ 2,027,737
Asset-backed securities issued |  |  |
Debt Instrument [Line Items] |  |  |
Principal value |  | 819,868 | 1,049,957
Market valuation adjustments |  | (120,080) | (116,637)
Deferred debt issuance costs |  | 0 | (542)
Total FHLBC Borrowings |  | 819,868 | 1,049,415
Asset-backed securities issued | Certificates with principal balance |  |  |
Debt Instrument [Line Items] |  |  |
Principal value |  | 935,565 | 1,161,922
Asset-backed securities issued | Interest-only certificates |  |  |
Debt Instrument [Line Items] |  |  |
Principal value |  | 4,383 | 4,672
Asset-backed securities issued | Sequoia Entities |  |  |
Debt Instrument [Line Items] |  |  |
Principal value |  | 819,868 | 996,820
Market valuation adjustments |  | (120,080) | (116,637)
Deferred debt issuance costs |  | 0 | 0
Total FHLBC Borrowings |  | $ 819,868 | $ 996,820
Number of series | series |  | 20 | 21
Asset-backed securities issued | Sequoia Entities | Minimum |  |  |
Debt Instrument [Line Items] |  |  |
Weighted average interest rates, by series (as a percent) |  | 0.14% | 0.41%
Asset-backed securities issued | Sequoia Entities | Maximum |  |  |
Debt Instrument [Line Items] |  |  |
Weighted average interest rates, by series (as a percent) |  | 1.94% | 2.21%
Asset-backed securities issued | Sequoia Entities | Certificates with principal balance |  |  |
Debt Instrument [Line Items] |  |  |
Principal value |  | $ 935,565 | $ 1,108,785
Asset-backed securities issued | Sequoia Entities | Interest-only certificates |  |  |
Debt Instrument [Line Items] |  |  |
Principal value |  | 4,383 | 4,672
Asset-backed securities issued | Commercial Securitization |  |  |
Debt Instrument [Line Items] |  |  |
Principal value |  | 0 | 53,137
Market valuation adjustments |  | 0 | 0
Deferred debt issuance costs |  | 0 | (542)
Total FHLBC Borrowings |  | $ 0 | $ 52,595
Weighted average interest rates, by series (as a percent) |  | 0.00% | 5.62%
Number of series | series |  | 0 | 1
Asset-backed securities issued | Commercial Securitization | Certificates with principal balance |  |  |
Debt Instrument [Line Items] |  |  |
Principal value |  | $ 0 | $ 53,137
Asset-backed securities issued | Commercial Securitization | Interest-only certificates |  |  |
Debt Instrument [Line Items] |  |  |
Principal value |  | $ 0 | $ 0
[1] | At September 30, 2016 and December 31, 2015, Asset-backed securities issued, net included $0 and $542, respectively, of deferred debt issuance costs, and long-term debt, net included $7,891 and $10,438, respectively, of deferred debt issuance costs.
[2] | 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 September 30, 2016 and December 31, 2015, assets of consolidated VIEs totaled $847,399 and $1,195,574, respectively. At September 30, 2016 and December 31, 2015, liabilities of consolidated VIEs totaled $820,391 and $1,050,861, respectively. See Note 4 for further discussion.

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