XML 118 R100.htm IDEA: XBRL DOCUMENT v3.6.0.2
Derivative Financial Instruments - Additional Information (Details)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
USD ($)
counterparty
Dec. 31, 2015
USD ($)
Dec. 31, 2014
USD ($)
Derivative [Line Items]      
Notional Amount $ 4,980,343 $ 6,483,976  
Accumulated other comprehensive income [1] $ 71,853 91,993  
Number of counterparties | counterparty 3    
Maximum      
Derivative [Line Items]      
Realized net losses reclassified from other comprehensive income (less than) $ 1,000 1,000 $ 1,000
Net unrealized losses on interest rate agreements accounted for as cash flow hedges      
Derivative [Line Items]      
Accumulated other comprehensive income (44,000) (47,000)  
Residential loan purchase and forward sale commitments | Mortgage Banking And Investment Activities      
Derivative [Line Items]      
Changes in fair value of assets 26,000 50,000 14,000
Interest Rate Contract      
Derivative [Line Items]      
Notional Amount 2,460,000 2,620,000  
Interest Rate Contract | Cash Flow Hedging      
Derivative [Line Items]      
Realized net losses reclassified from other comprehensive income (less than) 72 95 164
TBAs      
Derivative [Line Items]      
Notional Amount 1,360,000 2,480,000  
Futures      
Derivative [Line Items]      
Notional Amount 88,000 78,000  
Residential and Commercial Loans      
Derivative [Line Items]      
Valuation adjustments on derivatives 10,000 (65,000) (39,000)
Interest rate agreements | Maximum      
Derivative [Line Items]      
Accumulated other comprehensive loss that will be amortized into interest expense (100)    
Interest rate agreements | Cash Flow Hedging      
Derivative [Line Items]      
Notional Amount 140,000    
Valuation adjustments on derivatives $ 3,000 $ (1,000) $ (30,000)
[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 December 31, 2016 and December 31, 2015, assets of consolidated VIEs totaled $798,317 and $1,195,574, respectively. At December 31, 2016 and December 31, 2015, liabilities of consolidated VIEs totaled $773,980 and $1,050,861, respectively. See Note 4 for further discussion.