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Equity Compensation Plans - Additional Information (Details)
$ in Thousands
3 Months Ended 9 Months Ended 12 Months Ended
Mar. 31, 2016
USD ($)
executive
Sep. 30, 2017
USD ($)
shares
Dec. 31, 2016
USD ($)
shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Shares of common stock available for grant under Redwood's Incentive Plan (in shares)   1,469,991 1,787,974
Unrecognized compensation cost | $   $ 17,979 $ 18,146
Equity compensation expense | $   $ 7,634  
Number of shares purchased by employees (in shares)   354,801 337,271
Restricted Stock      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Unvested outstanding stock awards (in shares)   265,842 204,515
Number of stock awards granted (in shares)   134,364  
Number of stock awards vested (in shares)   61,285  
Number of stock awards forfeited (in shares)   11,752  
Deferred Stock Units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Unvested outstanding stock awards (in shares)   1,869,577 1,848,861
Number of stock awards granted (in shares)   359,501  
Number of stock awards vested (in shares)   1,006,394 939,899
Number of stock awards forfeited (in shares)   31,875  
Number of stock awards distributed (in shares)   306,911  
Equity compensation expense | $ $ 3,000    
Number of executives departed (in executives) | executive 2    
Performance Stock Units      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Unvested outstanding stock awards (in shares)   642,879 642,879
Performance Stock Units | Performance Share Units (PSUs), 2016      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Share-based compensation, vesting period (in years)   3 years  
Maximum      
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]      
Weighted average amortization period remaining for equity awards (less than)   2 years  
Shares of common stock to be purchased in aggregate for all employees (in shares)   450,000