XML 95 R81.htm IDEA: XBRL DOCUMENT v3.8.0.1
Mortgage Servicing Rights - Activity for Residential First-Lien Mortgage Servicing Rights (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Servicing Asset at Fair Value, Amount [Roll Forward]        
Balance at beginning of period [1]     $ 118,526  
Additions     7,387 $ 7,679
Changes in fair value due to:        
Balance at End of Period [1] $ 62,928   62,928  
MSRs        
Servicing Asset at Fair Value, Amount [Roll Forward]        
Balance at beginning of period 63,770 $ 110,046 118,526 191,976
Additions 256 3,443 7,957 22,941
Sales 0 (8,860) (52,966) (38,419)
Changes in fair value due to:        
Changes in assumptions 563 7,085 (3,450) (52,723)
Other changes (1,661) (5,705) (7,139) (17,766)
Balance at End of Period $ 62,928 $ 106,009 $ 62,928 $ 106,009
[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 September 30, 2017 and December 31, 2016, assets of consolidated VIEs totaled $995,768 and $798,317, respectively. At September 30, 2017 and December 31, 2016, liabilities of consolidated VIEs totaled $945,873 and $773,980, respectively. See Note 4 for further discussion.