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Derivative Financial Instruments - Additional Information (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2016
USD ($)
counterparty
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
counterparty
Sep. 30, 2015
USD ($)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Derivative [Line Items]            
Notional amount $ 4,993,201   $ 4,993,201   $ 6,483,976  
AOCI, interest rate agreements $ 1,130,130 [1] $ 1,206,575 $ 1,130,130 [1] $ 1,206,575 1,146,265 [1] $ 1,256,141
Number of counterparties | counterparty 3   3      
Net unrealized losses on interest rate agreements accounted for as cash flow hedges            
Derivative [Line Items]            
AOCI, interest rate agreements         (47,363)  
Mortgage Banking Activities, Net            
Derivative [Line Items]            
Market valuations gains and losses, net $ 9,384 47 $ 24,063 7,160    
Loan Purchase and Forward Sales Commitments | Mortgage Banking Activities, Net            
Derivative [Line Items]            
Market valuations gains and losses, net 12,021 25,173 35,508 44,482    
Interest rate swaps | Cash Flow Hedging            
Derivative [Line Items]            
Notional amount 140,000   140,000      
Derivative gain (loss) 1,000 (12,000) (23,000) (5,000)    
Unsecuritized Residential and Commercial Loans            
Derivative [Line Items]            
Derivative gain (loss) (5,000) $ (29,000) (11,000) $ (58,000)    
Unsecuritized Residential and Commercial Loans | Interest rate contract            
Derivative [Line Items]            
Notional amount 2,040,000   2,040,000   2,620,000  
Unsecuritized Residential and Commercial Loans | TBAs            
Derivative [Line Items]            
Notional amount 1,560,000   1,560,000   2,480,000  
Unsecuritized Residential and Commercial Loans | Futures            
Derivative [Line Items]            
Notional amount $ 145,000   $ 145,000   $ 78,000  
[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.