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Residential Loans - Summary of Classifications and Carrying Value of Residential Loans (Details) - USD ($) $ in Thousands | Jun. 30, 2017 | Dec. 31, 2016
--- | --- | ---
Mortgage Loans on Real Estate [Line Items] |  |  |
Loan market valuation adjustment |  | $ 3,905,291 | $ 3,888,051
Residential Loans Held For Sale |  |  |
Mortgage Loans on Real Estate [Line Items] |  |  |
Loan market valuation adjustment | [1] | 837,371 | 835,399
Residential Loans |  |  |
Mortgage Loans on Real Estate [Line Items] |  |  |
Loan market valuation adjustment |  | 840,000 | 830,000
Residential Loans | Jumbo Loans |  |  |
Mortgage Loans on Real Estate [Line Items] |  |  |
Loan market valuation adjustment |  | 836,291 | 834,193
Residential loans, at lower of cost or fair value |  |  |
Mortgage Loans on Real Estate [Line Items] |  |  |
Loan market valuation adjustment |  | 1,080 | 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 Loans |  |  |
Mortgage Loans on Real Estate [Line Items] |  |  |
Loan market valuation adjustment |  | 3,067,920 | 3,052,652
Redwood |  |  |
Mortgage Loans on Real Estate [Line Items] |  |  |
Loan market valuation adjustment |  | 3,197,605 | 3,096,415
Redwood | Residential Loans Held For Sale |  |  |
Mortgage Loans on Real Estate [Line Items] |  |  |
Loan market valuation adjustment |  | 837,371 | 835,399
Redwood | Residential Loans | Residential loans | Jumbo Loans |  |  |
Mortgage Loans on Real Estate [Line Items] |  |  |
Loan market valuation adjustment |  | 836,291 | 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 |  | 1,080 | 1,206
Redwood | Residential Loans Held For Investment at Fair Value | Residential loans | Jumbo Loans |  |  |
Mortgage Loans on Real Estate [Line Items] |  |  |
Loan market valuation adjustment |  | 2,360,234 | 2,261,016
Sequoia |  |  |
Mortgage Loans on Real Estate [Line Items] |  |  |
Loan market valuation adjustment |  | 707,686 | 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 Loans |  |  |
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 |  | 708,000 | 792,000
Sequoia | Residential Loans Held For Investment at Fair Value | Residential loans | Jumbo Loans |  |  |
Mortgage Loans on Real Estate [Line Items] |  |  |
Loan market valuation adjustment |  | $ 707,686 | $ 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 June 30, 2017 and December 31, 2016, assets of consolidated VIEs totaled $713,404 and $798,317, respectively. At June 30, 2017 and December 31, 2016, liabilities of consolidated VIEs totaled $693,137 and $773,980, respectively. See Note 4 for further discussion.

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- 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
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