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Derivative Financial Instruments - Additional Information (Details)
 3 Months Ended
Mar. 31, 2017
USD ($)
counterparty
Mar. 31, 2016
USD ($)
Dec. 31, 2016
USD ($)
Derivative [Line Items]      
Notional amount $ 6,128,754,000   $ 4,980,343,000
Accumulated other comprehensive income [1] $ 72,602,000   71,853,000
Number of counterparties (in counterparties) | counterparty 3    
Net Unrealized Losses on Interest Rate Agreements Accounted for as Cash Flow Hedges      
Derivative [Line Items]      
Accumulated other comprehensive income $ (42,000,000)   (44,000,000)
Mortgage Banking Activities, Net      
Derivative [Line Items]      
Market valuations gains and losses, net 17,397,000 $ 7,237,000  
Loan purchase commitments | Mortgage Banking Activities, Net      
Derivative [Line Items]      
Market valuations gains and losses, net 10,265,000 12,635,000  
Interest rate contract      
Derivative [Line Items]      
Notional amount 2,820,000,000   2,460,000,000
TBAs      
Derivative [Line Items]      
Notional amount 2,120,000,000   1,360,000,000
Futures      
Derivative [Line Items]      
Notional amount 60,000,000   $ 88,000,000
Unsecuritized Residential and Commercial Loans      
Derivative [Line Items]      
Derivative gain (loss) (7,000,000) (8,000,000)  
Interest rate swaps | Cash Flow Hedging      
Derivative [Line Items]      
Notional amount 140,000,000    
Derivative gain (loss) $ 2,000,000 $ (14,000,000)  
[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 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.