XML 53 R39.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Short-Term Debt (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2017
Debt Disclosure [Abstract] |
Short-Term Debt Facilities | The table below summarizes our short-term debt, including the facilities that are available to us, the outstanding balances, the weighted average interest rate, and the maturity information at September 30, 2017 and December 31, 2016. Table 11.1 – Short-Term Debt
|  | September 30, 2017
(Dollars in Thousands) |  | Number of Facilities |  | Outstanding Balance |  | Limit |  | Weighted Average Interest Rate |  | Maturity |  | Weighted Average Days Until Maturity
Facilities |  |  |  |  |  |  |  |  |  |  |  |
Residential loan warehouse |  | 4 |  |  | $ | 438,243 |  |  | $ | 1,325,000 |  |  | 2.80 | % |  | 12/2017-8/2018 |  | 150
Real estate securities repo |  | 8 |  |  | 549,811 |  |  | — |  |  | 2.46 | % |  | 10/2017-12/2017 |  | 28
Total Short-Term Debt Facilities |  | 12 |  |  | 988,054 |  |  |  |  |  |  |  |  |
Convertible notes, net |  | N/A |  |  | 250,142 |  |  | — |  |  | 4.63 | % |  | 4/2018 |  | 197
Total Short-Term Debt |  |  |  | $ | 1,238,196 |  |  |  |  |  |  |  |  |
|  | December 31, 2016
(Dollars in Thousands) |  | Number of Facilities |  | Outstanding Balance |  | Limit |  | Weighted Average Interest Rate |  | Maturity |  | Weighted Average Days Until Maturity
Facilities |  |  |  |  |  |  |  |  |  |  |  |
Residential loan warehouse |  | 4 |  |  | $ | 485,544 |  |  | $ | 1,325,000 |  |  | 2.40 | % |  | 1/2017-12/2017 |  | 206
Real estate securities repo |  | 7 |  |  | 305,995 |  |  | — |  |  | 1.91 | % |  | 1/2017-3/2017 |  | 24
Total Short-Term Debt |  | 11 |  |  | $ | 791,539 |  |  |  |  |  |  |  |  |
Short-Term Debt by Collateral Type and Remaining Maturities | The following table presents the remaining maturities of our secured short-term debt by the type of collateral securing the debt as well as our convertible notes at September 30, 2017. Table 11.2 – Short-Term Debt by Collateral Type and Remaining Maturities
|  | September 30, 2017
(In Thousands) |  | Within 30 days |  | 31 to 90 days |  | Over 90 days |  | Total
Collateral Type |  |  |  |  |  |  |  |
Held-for-sale residential loans |  | $ | — |  |  | $ | 120,219 |  |  | $ | 318,024 |  |  | $ | 438,243 |
Real estate securities |  | 422,300 |  |  | 127,511 |  |  | — |  |  | 549,811 |
Total Secured Short-Term Debt |  | 422,300 |  |  | 247,730 |  |  | 318,024 |  |  | 988,054 |
Convertible notes, net |  | — |  |  | — |  |  | 250,142 |  |  | 250,142 |
Total Short-Term Debt |  | $ | 422,300 |  |  | $ | 247,730 |  |  | $ | 568,166 |  |  | $ | 1,238,196 |

X
- Definition Schedule of Maturities of Debt Disclosure. + References No definition available. + Details
Name: | rwt_ScheduleOfMaturitiesOfDebtDisclosureTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.19) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
Name: | us-gaap_ScheduleOfShortTermDebtTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration