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Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details) - USD ($)
$ in Thousands
Sep. 30, 2016
Dec. 31, 2015
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets $ 30,844 $ 11,722
Gross Amounts Offset in Consolidated Balance Sheet   0
Net Amounts of Assets Presented in Consolidated Balance Sheet [1] 36,880 16,393
Total Derivative Assets, Excluding Loan Purchase Commitments 30,844 11,722
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (26,569) (7,549)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged (4,025) (2,930)
Net Amount 250 1,243
Gross Amounts of Recognized Liabilities, Including Securities Sold Under Repurchase Agreements (1,216,965) (1,778,711)
Gross Amounts Offset in Consolidated Balance Sheet, Including Securities Sold Under Agreements to Repurchase 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet [1] (100,117) (62,794)
Derivative Liability, Excluding Loan Purchase Commitments, Including Securities Sold Under Agreements To Repurchase (1,216,965) (1,778,711)
Derivative, Including Securities Sold Under Agreements To Repurchase, Collateral, Right To Reclaim Securities 1,143,974 1,724,930
Derivative, Including Securities Sold Under Agreements To Repurchase, Collateral, Right To Reclaim Cash 72,895 53,167
Derivative Liability, Including Securities Sold Under Agreements To Repurchase, Fair Value, Offset Against Collateral, Net of Not Subject to Master Netting Arrangement, Policy Election (96) (614)
Interest rate agreements    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets 29,073 7,781
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets Presented in Consolidated Balance Sheet 29,073 7,781
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (25,048) (5,651)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged (4,025) (1,917)
Net Amount 0 213
Gross Amounts of Recognized Liabilities (95,171) (58,366)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet (95,171) (58,366)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 25,048 5,651
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 70,123 52,715
Net Amount 0 0
Credit default index swaps    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets   1,207
Gross Amounts Offset in Consolidated Balance Sheet   0
Net Amounts of Assets Presented in Consolidated Balance Sheet   1,207
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments   0
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged   (720)
Net Amount   487
TBAs    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets 1,514 2,734
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets Presented in Consolidated Balance Sheet 1,514 2,734
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (1,467) (1,898)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 0 (293)
Net Amount 47 543
Gross Amounts of Recognized Liabilities (4,335) (2,519)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet (4,335) (2,519)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 1,467 1,898
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 2,772 7
Net Amount (96) (614)
Futures    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets 257  
Gross Amounts Offset in Consolidated Balance Sheet 0  
Net Amounts of Assets Presented in Consolidated Balance Sheet 257  
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (54)  
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 0  
Net Amount 203  
Gross Amounts of Recognized Liabilities (54) (445)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet (54) (445)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 54 0
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 0 445
Net Amount 0 0
Loan warehouse debt    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts Offset in Consolidated Balance Sheet - Under Repurchase Agreements (837,846) (1,023,740)
Gross Amounts Offset in Consolidated Balance Sheet - Under Repurchase Agreement 0 0
Securities Sold under Agreements to Repurchase (837,846) (1,023,740)
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities 837,846 1,023,740
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Cash 0 0
Security repurchase agreements    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts Offset in Consolidated Balance Sheet - Under Repurchase Agreements (279,559) (693,641)
Gross Amounts Offset in Consolidated Balance Sheet - Under Repurchase Agreement 0 0
Securities Sold under Agreements to Repurchase (279,559) (693,641)
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Securities 279,559 693,641
Securities Sold under Agreements to Repurchase, Collateral, Right to Reclaim Cash 0 0
Securities Sold under Agreements to Repurchase, Amount Offset Against Collateral $ 0 $ 0
[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.