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Short-Term Debt - Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt (Details)
3 Months Ended 12 Months Ended
Mar. 31, 2017
USD ($)
Facility
Dec. 31, 2016
USD ($)
Facility
Short-term Debt [Line Items]    
Number of Facilities (in facilities) | Facility 11 11
Outstanding Balance [1] $ 563,773,000 $ 791,539,000
Residential loan warehouse    
Short-term Debt [Line Items]    
Number of Facilities (in facilities) | Facility 4 4
Outstanding Balance $ 240,961,000 $ 485,544,000
Limit $ 1,325,000,000 $ 1,325,000,000
Weighted Average Interest Rate (as a percent) 2.59% 2.40%
Weighted Average Days Until Maturity (in days) 285 days 206 days
Real estate securities repo    
Short-term Debt [Line Items]    
Number of Facilities (in facilities) | Facility 7 7
Outstanding Balance $ 322,812,000 $ 305,995,000
Limit $ 0 $ 0
Weighted Average Interest Rate (as a percent) 2.11% 1.91%
Weighted Average Days Until Maturity (in days) 27 days 24 days
[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.