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Principles of Consolidation - Summary of Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($) $ in Thousands	Sep. 30, 2016	Dec. 31, 2015
On-balance sheet assets, at fair value:
Maximum loss exposure	$ 304,128	$ 588,396
Principal balance of loans outstanding	6,990,350	7,318,167
Principal balance of delinquent loans 30 days delinquent	19,775	18,300
Interest-only, senior and subordinate securities, classified as trading
On-balance sheet assets, at fair value:
Securities	31,271	258,697
Subordinate securities, classified as AFS
On-balance sheet assets, at fair value:
Securities	237,248	272,715
MSRs
On-balance sheet assets, at fair value:
Securities	$ 35,609	$ 56,984

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This is the amount of the financial instruments that are considered delinquent (past due) at the end of the period.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 860
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Amount of transferred financial assets in which the transferor has continuing involvement with the assets underlying the transaction that have been derecognized. Continuing involvement includes, but is not limited to, servicing, recourse, and restrictions on transferor's interests in transferred financial assets.

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The reporting entity's maximum amount of exposure to loss as a result of its involvement with the Variable Interest Entity (VIE).

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Carrying amount of the assets in the reporting entity's statement of financial position that relate to the reporting entity's variable interest in the Variable Interest Entity (VIE), where the reporting entity is not the VIE's primary beneficiary.

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