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Mortgage Servicing Rights - Activity for Residential First-Lien Mortgage Servicing Rights (Details) - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Servicing Asset at Fair Value, Amount [Roll Forward]        
Balance at beginning of period [1]     $ 118,526  
Additions     7,387 $ 5,688
Changes in fair value due to:        
Balance at End of Period [1] $ 63,770   63,770  
MSRs        
Servicing Asset at Fair Value, Amount [Roll Forward]        
Balance at beginning of period 111,013 $ 126,620 118,526 191,976
Additions 216 10,691 7,701 19,498
Sales (41,038) 0 (52,966) (29,559)
Changes in fair value due to:        
Changes in assumptions (3,356) (21,480) (4,013) (59,808)
Other changes (3,065) (5,785) (5,478) (12,061)
Balance at End of Period $ 63,770 $ 110,046 $ 63,770 $ 110,046
[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.