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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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