XML 79 R68.htm IDEA: XBRL DOCUMENT v3.7.0.1

Residential Loans - Summary of Classifications and Carrying Value of Residential Loans (Details) - USD ($) $ in Thousands		Mar. 31, 2017	Dec. 31, 2016
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		$ 3,472,241	$ 3,888,051
Residential Loans Held For Sale
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment	[1]	376,607	835,399
Residential Loans
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		375,000	830,000
Residential Loans | Jumbo Loan
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		375,407	834,193
Residential loans, at lower of cost or fair value
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		1,200	1,206
Residential Loans Held For Investment at Fair Value
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment			2,260,000
Residential Loans Held For Investment at Fair Value | Jumbo Loan
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		3,095,634	3,052,652
Redwood
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		2,726,620	3,096,415
Redwood | Residential Loans Held For Sale
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		376,607	835,399
Redwood | Residential Loans | Residential loans | Jumbo Loan
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		375,407	834,193
Redwood | Residential loans, at lower of cost or fair value | Residential loans
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		1,200	1,206
Redwood | Residential Loans Held For Investment at Fair Value | Residential loans | Jumbo Loan
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		2,350,013	2,261,016
Sequoia
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		745,621	791,636
Sequoia | Residential Loans Held For Sale
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		0	0
Sequoia | Residential Loans | Residential loans | Jumbo Loan
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		0	0
Sequoia | Residential loans, at lower of cost or fair value | Residential loans
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		0	0
Sequoia | Residential Loans Held For Investment at Fair Value
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		746,000	792,000
Sequoia | Residential Loans Held For Investment at Fair Value | Residential loans | Jumbo Loan
Mortgage Loans on Real Estate [Line Items]
Loan market valuation adjustment		$ 745,621	$ 791,636
[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.

X

- Definition

Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Excludes loans and leases covered under loss sharing agreements and loans held for sale.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-Section 45
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=65884687&loc=d3e4428-111522

Reference 2: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 942
-SubTopic 210
-Section S99
-Paragraph 1
-Subparagraph (SX 210.9-03.7)
-URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878

+ Details

Name:	us-gaap_LoansAndLeasesReceivableNetReportedAmount
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_MortgageLoansOnRealEstateLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForSaleMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtFairValueMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_MortgageLoansOnRealEstateLoanTypeAxis=rwt_JumboLoanMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansAtLowerOfCostOrFairValueMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancingReceivableRecordedInvestmentByClassOfFinancingReceivableAxis=rwt_ResidentialLoansHeldForInvestmentAtFairValueMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=us-gaap_ParentCompanyMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_FinancialInstrumentAxis=us-gaap_ResidentialMortgageMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaSecuritizationEntitiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: