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Short-Term Debt - Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt (Details)
 9 Months Ended 12 Months Ended
Sep. 30, 2017
USD ($)
Facility
Dec. 31, 2016
USD ($)
Facility
Short-term Debt [Line Items]    
Number of Facilities (in facilities) | Facility  
Outstanding Balance [1],[2] $ 1,238,196,000 $ 791,539,000
Facilities    
Short-term Debt [Line Items]    
Number of Facilities (in facilities) | Facility 12 11
Outstanding Balance $ 988,054,000 $ 791,539,000
Facilities | Residential loan warehouse    
Short-term Debt [Line Items]    
Number of Facilities (in facilities) | Facility 4 4
Outstanding Balance $ 438,243,000 $ 485,544,000
Limit $ 1,325,000,000 $ 1,325,000,000
Weighted Average Interest Rate 2.80% 2.40%
Weighted Average Days Until Maturity (in days) 150 days 206 days
Facilities | Real estate securities repo    
Short-term Debt [Line Items]    
Number of Facilities (in facilities) | Facility 8 7
Outstanding Balance $ 549,811,000 $ 305,995,000
Limit $ 0 $ 0
Weighted Average Interest Rate 2.46% 1.91%
Weighted Average Days Until Maturity (in days) 28 days 24 days
Convertible notes, net    
Short-term Debt [Line Items]    
Outstanding Balance $ 250,142,000  
Weighted Average Interest Rate 4.63%  
Weighted Average Days Until Maturity (in days) 197 days  
[1] Includes $250 million of convertible notes, which 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. See Note 11 for further discussion.
[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 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.