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Short-Term Debt - Remaining Maturities of Short Term Debt (Details) - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Short-term Debt [Line Items]    
Short-term debt [1],[2] $ 1,294,807 $ 791,539
Within 30 Days    
Short-term Debt [Line Items]    
Short-term debt 386,150  
31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 210,985  
Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 697,672  
Facilities    
Short-term Debt [Line Items]    
Short-term debt 1,044,794 791,539
Facilities | Within 30 Days    
Short-term Debt [Line Items]    
Short-term debt 386,150  
Facilities | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 210,985  
Facilities | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 447,659  
Facilities | Residential loan warehouse    
Short-term Debt [Line Items]    
Short-term debt 575,303 485,544
Facilities | Residential loan warehouse | Within 30 Days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Residential loan warehouse | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 127,644  
Facilities | Residential loan warehouse | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 447,659  
Facilities | Real estate securities repo    
Short-term Debt [Line Items]    
Short-term debt 469,491 $ 305,995
Facilities | Real estate securities repo | Within 30 Days    
Short-term Debt [Line Items]    
Short-term debt 386,150  
Facilities | Real estate securities repo | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 83,341  
Facilities | Real estate securities repo | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net    
Short-term Debt [Line Items]    
Short-term debt 250,013  
Convertible notes, net | Within 30 Days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt $ 250,013  
[1] During the second quarter of 2017, our convertible notes were reclassified from Long-term debt, net to Short-term debt as the maturity of the notes was less than one year as of April 2017.
[2] 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.