XML 52 R41.htm IDEA: XBRL DOCUMENT
v3.5.0.2

Asset-Backed Securities Issued (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2016
Debt Disclosure [Abstract] |
Asset-Backed Securities Issued | The carrying values of ABS issued by consolidated securitization entities we sponsored at September 30, 2016 and December 31, 2015, along with other selected information, are summarized in the following table. Table 13.1 – Asset-Backed Securities Issued
|  | September 30, 2016 |  | December 31, 2015
(Dollars in Thousands) |  | Sequoia |  | Commercial Securitization |  | Total |  | Sequoia |  | Commercial Securitization |  | Total
Certificates with principal balance |  | $ | 935,565 |  |  | $ | — |  |  | $ | 935,565 |  |  | $ | 1,108,785 |  |  | $ | 53,137 |  |  | $ | 1,161,922 |
Interest-only certificates |  | 4,383 |  |  | — |  |  | 4,383 |  |  | 4,672 |  |  | — |  |  | 4,672 |
Market valuation adjustments |  | (120,080 | ) |  | — |  |  | (120,080 | ) |  | (116,637 | ) |  | — |  |  | (116,637 | )
Total ABS issued |  | 819,868 |  |  | — |  |  | 819,868 |  |  | 996,820 |  |  | 53,137 |  |  | 1,049,957 |
Deferred debt issuance costs |  | — |  |  | — |  |  | — |  |  | — |  |  | (542 | ) |  | (542 | )
ABS Issued, Net (1) |  | $ | 819,868 |  |  | $ | — |  |  | $ | 819,868 |  |  | $ | 996,820 |  |  | $ | 52,595 |  |  | $ | 1,049,415 |
Range of weighted average interest rates, by series |  | 0.14% to 1.94% |  |  | — | % |  |  |  | 0.41% to 2.21% |  |  | 5.62 | % |  |
Stated maturities |  | 2024 - 2036 |  |  | N/A |  |  |  |  | 2017 - 2037 |  |  | 2018 |  |  |
Number of series |  | 20 |  |  | — |  |  |  |  | 21 |  |  | 1 |  |  |
(1) | Upon adoption of ASU 2015-03 on January 1, 2016, we began to present ABS issued, net of deferred debt issuance costs. See Note 3 for further discussion.
Accrued Interest Payable on ABS Issued | The following table summarizes the accrued interest payable on ABS issued at September 30, 2016 and December 31, 2015. Interest due on consolidated ABS issued is payable monthly. Table 13.2 – Accrued Interest Payable on Asset-Backed Securities Issued
(In Thousands) |  | September 30, 2016 |  | December 31, 2015
Sequoia |  | $ | 523 |  |  | $ | 555 |
Commercial Securitization |  | — |  |  | 249 |
Total Accrued Interest Payable on ABS Issued |  | $ | 523 |  |  | $ | 804 |
Collateral for ABS Issued | The following table summarizes the carrying value components of the collateral for ABS issued and outstanding at September 30, 2016 and December 31, 2015. Table 13.3 – Collateral for Asset-Backed Securities Issued
|  | September 30, 2016 |  | December 31, 2015
(In Thousands) |  | Sequoia |  | Commercial Securitization |  | Total |  | Sequoia |  | Commercial Securitization |  | Total
Residential loans |  | $ | 839,976 |  |  | $ | — |  |  | $ | 839,976 |  |  | $ | 1,021,870 |  |  | $ | — |  |  | $ | 1,021,870 |
Commercial loans |  | — |  |  | — |  |  | — |  |  | — |  |  | 166,016 |  |  | 166,016 |
Restricted cash |  | 148 |  |  | — |  |  | 148 |  |  | 228 |  |  | 137 |  |  | 365 |
Accrued interest receivable |  | 1,030 |  |  | — |  |  | 1,030 |  |  | 1,131 |  |  | 1,297 |  |  | 2,428 |
REO |  | 6,245 |  |  | — |  |  | 6,245 |  |  | 4,895 |  |  | — |  |  | 4,895 |
Total Collateral for ABS Issued |  | $ | 847,399 |  |  | $ | — |  |  | $ | 847,399 |  |  | $ | 1,028,124 |  |  | $ | 167,450 |  |  | $ | 1,195,574 |

X
- Definition Tabular disclosure of information pertaining to asset backed securities, including but not limited to identification of components, terms, features, and other information necessary to a fair presentation. + References No definition available. + Details
Name: | rwt_ScheduleOfAssetBackedSecuritiesTableTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the collateral for asset backed securities. + References No definition available. + Details
Name: | rwt_ScheduleOfCollateralForAssetBackedSecuritiesTableTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accrued interest payable on asset backed securities issued. + References No definition available. + Details
Name: | rwt_ScheduleOfInterestPayableTableTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration