Residential Loans (Tables)

9 Months Ended

Sep. 30, 2016

Mortgage Loans on Real Estate [Line Items]

Classifications and Carrying Value of Loans

The following table summarizes the classifications and carrying values of the residential loans owned at Redwood and at consolidated Sequoia entities at September 30, 2016 and December 31, 2015.

Table 6.1 – Classifications and Carrying Values of the Residential Loans



September 30, 2016
(In Thousands)	Redwood		Sequoia		Total
Held-for-sale
At fair value - jumbo	$	1,187,240	$	—	$	1,187,240
At lower of cost or fair value - jumbo	1,274		—		1,274
Total held-for-sale	1,188,514		—		1,188,514
Held-for-investment
At fair value - jumbo	2,282,674		839,976		3,122,650
Total Residential Loans	$	3,471,188	$	839,976	$	4,311,164



December 31, 2015
(In Thousands)	Redwood		Sequoia		Total
Held-for-sale
At fair value - conforming	$	129,819	$	—	$	129,819
At fair value - jumbo	984,486		—		984,486
Lower of cost or fair value - jumbo	1,433		—		1,433
Total held-for-sale	1,115,738		—		1,115,738
Held-for-investment
At fair value - jumbo	1,791,195		1,021,870		2,813,065
Total Residential Loans	$	2,906,933	$	1,021,870	$	3,928,803