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Equity - Changes to Accumulated Other Comprehensive Income (Loss) by Component (Details) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance     $ 1,146,265 [1] $ 1,256,141
Total other comprehensive income (loss) $ 8,384 $ (20,973) (37,278) (20,967)
Ending balance 1,130,130 [1] 1,206,575 1,130,130 [1] 1,206,575
Net Unrealized Gains on Available-for-Sale Securities        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance 116,849 179,659 139,356 186,737
Other comprehensive income (loss) before reclassifications 9,038 (5,673) 5,195 (5,701)
Amounts reclassified from other accumulated comprehensive income (1,319) (3,270) (19,983) (10,320)
Total other comprehensive income (loss) 7,719 (8,943) (14,788) (16,021)
Ending balance 124,568 170,716 124,568 170,716
Net Unrealized Losses on Interest Rate Agreements Accounted for as Cash Flow Hedges        
Accumulated Other Comprehensive Income (Loss) [Roll Forward]        
Beginning balance (70,518) (38,965) (47,363) (46,049)
Other comprehensive income (loss) before reclassifications 647 (12,049) (22,545) (5,023)
Amounts reclassified from other accumulated comprehensive income 18 19 55 77
Total other comprehensive income (loss) 665 (12,030) (22,490) (4,946)
Ending balance $ (69,853) $ (50,995) $ (69,853) $ (50,995)
[1] 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.