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Investment Fair Value Changes, Net
 3 Months Ended
Mar. 31, 2017
Investments, Debt and Equity Securities [Abstract]  
Investment Fair Value Changes, Net
Investment Fair Value Changes, Net
The following table presents the components of Investment fair value changes, net, recorded in our consolidated statements of income for the three months ended March 31, 2017 and 2016.
Table 18.1 – Investment Fair Value Changes
 
 
Three Months Ended March 31,
(In Thousands)
 
2017
 
2016
Investment Fair Value Changes, Net
 
 
 
 
Changes in fair value of:
 
 
 
 
Residential loans held-for-investment, at Redwood
 
$
(2,333
)
 
$
23,463

Trading securities
 
11,143

 
(5,601
)
Net investments in consolidated Sequoia entities
 
(1,810
)
 
(1,580
)
Risk sharing investments
 
(205
)
 
(10
)
Risk management derivatives
 
(5,127
)
 
(35,810
)
Impairments on AFS securities
 
(117
)
 
—

Investment Fair Value Changes, Net
 
$
1,551

 
$
(19,538
)