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Mortgage Servicing Rights - Activity for Residential First-Lien Mortgage Servicing Rights (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Servicing Asset at Fair Value, Amount [Roll Forward]      
Balance at beginning of period [1] $ 191,976    
Additions 10,060 $ 64,725 $ 48,000
Balance at End of Period [1] 118,526 191,976  
MSRs      
Servicing Asset at Fair Value, Amount [Roll Forward]      
Balance at beginning of period 191,976 139,293 64,824
Additions 25,362 95,281 95,550
Sales (62,440) (18,206) 0
Changes in fair value due to: Changes in assumptions (14,512) (5,453) (12,467)
Changes in fair value due to: Other changes (21,860) (18,939) (8,614)
Balance at End of Period $ 118,526 $ 191,976 $ 139,293
[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.