XML 62 R51.htm IDEA: XBRL DOCUMENT v3.7.0.1
Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details) - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Accounting Policies [Abstract]    
Future lease commitments with expiration date $ 4,278  
Offsetting Asset and Liabilities [Line Items]    
Net Amounts of Assets Presented in Consolidated Balance Sheet [1] 26,660 $ 36,595
Gross Amounts of Recognized Liabilities, Including Assets Under Repurchase Agreements (629,867) (854,067)
Gross Amounts Offset in Consolidated Balance Sheet Including Assets Under Repurchase Agreement 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet [1] (66,867) (66,329)
Net Amounts of Liabilities Presented in Consolidated Balance Sheet Including Assets Under Repurchase Agreement (629,867) (854,067)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments Including Assets Under Repurchase Agreement 577,547 803,211
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged Including Assets Under Repurchase Agreement 51,630 50,111
Net Amount Including Assets Under Repurchase Agreement (690) (745)
Interest Rate Agreement, TBAs, And Futures    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets 21,100 33,280
Net Amounts of Assets Presented in Consolidated Balance Sheet 21,100 33,280
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (13,775) (11,672)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged (2,401) (9,148)
Net Amount 4,924 12,460
Interest rate agreements    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets 11,552 24,980
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets Presented in Consolidated Balance Sheet 11,552 24,980
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (5,342) (7,736)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged (1,470) (4,784)
Net Amount 4,740 12,460
Gross Amounts of Recognized Liabilities (56,296) (56,919)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet (56,296) (56,919)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 5,342 7,736
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 50,954 49,183
Net Amount 0 0
TBAs    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets 9,535 8,300
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets Presented in Consolidated Balance Sheet 9,535 8,300
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (8,429) (3,936)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged (931) (4,364)
Net Amount 175 0
Gross Amounts of Recognized Liabilities (9,743) (4,681)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet (9,743) (4,681)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 8,428 3,936
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 625 0
Net Amount (690) (745)
Futures    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets 13  
Gross Amounts Offset in Consolidated Balance Sheet 0  
Net Amounts of Assets Presented in Consolidated Balance Sheet 13  
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (4)  
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 0  
Net Amount 9  
Gross Amounts of Recognized Liabilities (55) (928)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet (55) (928)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 4 0
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 51 928
Net Amount 0 0
Loan warehouse debt    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Liabilities - Under Repurchase Agreements (240,961) (485,544)
Gross Amounts Offset in Consolidated Balance Sheet - Under Repurchase Agreement 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet - Under Repurchase Agreement (240,961) (485,544)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments - Under Repurchase Agreement 240,961 485,544
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged - Under Repurchase Agreement 0 0
Security repurchase agreements    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Liabilities - Under Repurchase Agreements (322,812) (305,995)
Gross Amounts Offset in Consolidated Balance Sheet - Under Repurchase Agreement 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet - Under Repurchase Agreement (322,812) (305,995)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments - Under Repurchase Agreement 322,812 305,995
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged - Under Repurchase Agreement 0 0
Net Amount - Under Repurchase Agreement $ 0 $ 0
[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 March 31, 2017 and December 31, 2016, assets of consolidated VIEs totaled $750,694 and $798,317, respectively. At March 31, 2017 and December 31, 2016, liabilities of consolidated VIEs totaled $728,923 and $773,980, respectively. See Note 4 for further discussion.