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Residential Loans - Additional Information (Details)
12 Months Ended
Dec. 31, 2017
USD ($)
loan
Dec. 31, 2016
USD ($)
loan
Dec. 31, 2015
USD ($)
Mortgage Loans on Real Estate [Line Items]      
Transfers from loans held-for-sale to loans held-for-investment $ 1,245,430,000 $ 1,063,860,000 $ 1,555,814,000
Transfers from loans held-for-investment to loans held-for-sale 98,854,000 $ 359,005,000 $ 154,012,000
Sequoia Choice      
Mortgage Loans on Real Estate [Line Items]      
Loans held as assets amount in foreclosure $ 0    
Redwood | Fixed Rate Residential Mortgage      
Mortgage Loans on Real Estate [Line Items]      
Weighted average rate on loans 4.08%    
Redwood | Held-for sale residential loans | FHLB Chicago      
Mortgage Loans on Real Estate [Line Items]      
Residential mortgage loans securing FHLB advances $ 2,430,000,000    
Residential Loans      
Mortgage Loans on Real Estate [Line Items]      
Number of Loans | loan 2,009 1,114  
Total Principal $ 1,410,000,000 $ 830,000,000  
Loan market valuation adjustment 1,430,000,000 $ 830,000,000  
Loans held as assets, 90 days or more past due $ 500,000    
Number of loans in foreclosure | loan 0 0  
Principal value $ 5,640,000,000 $ 4,850,000,000  
Principal balance of loans sold during period 4,210,000,000 4,040,000,000  
Valuation adjustments 31,000,000 $ 6,000,000  
Loan pledged as collateral 1,150,000,000    
Loans held as assets amount in foreclosure $ 1,000,000    
Residential Loans | Financing Receivables, Equal to Greater than 90 Days Past Due      
Mortgage Loans on Real Estate [Line Items]      
Number of loans past due | loan 1 0  
Residential loans, at lower of cost or fair value      
Mortgage Loans on Real Estate [Line Items]      
Number of Loans | loan 4 7  
Total Principal $ 1,000,000 $ 2,000,000  
Loan market valuation adjustment $ 1,000,000 1,000,000  
Loans held as assets, 90 days or more past due   $ 300,000  
Number of loans in foreclosure | loan 0 0  
Residential loans, at lower of cost or fair value | Financing Receivables, Equal to Greater than 90 Days Past Due      
Mortgage Loans on Real Estate [Line Items]      
Number of loans past due | loan 1 1  
Loans held as assets, 90 days or more past due $ 300,000    
Residential Loans Held For Investment at Fair Value      
Mortgage Loans on Real Estate [Line Items]      
Number of loans in foreclosure | loan 0    
Residential Loans Held For Investment at Fair Value | Legacy Sequoia      
Mortgage Loans on Real Estate [Line Items]      
Number of Loans | loan 3,178 3,735  
Total Principal $ 698,000,000 $ 887,000,000  
Loan market valuation adjustment 633,000,000 792,000,000  
Loans held as assets, 90 days or more past due $ 25,000,000 30,000,000  
FICO credit score 728    
Loan to value ratio 66.00%    
Loans held as assets amount in foreclosure $ 10,000,000 11,000,000  
Valuation adjustments $ 23,000,000 $ (14,000,000)  
Residential Loans Held For Investment at Fair Value | Sequoia Choice      
Mortgage Loans on Real Estate [Line Items]      
Number of Loans | loan 806 0  
Total Principal $ 605,000,000    
Loan market valuation adjustment 620,000,000    
Loans held as assets, 90 days or more past due 0    
Transfers from loans held-for-investment to loans held-for-sale $ 646,000,000    
FICO credit score 742    
Loan to value ratio 75.00%    
Valuation adjustments $ (5,000,000)    
Residential Loans Held For Investment at Fair Value | Redwood      
Mortgage Loans on Real Estate [Line Items]      
Number of Loans | loan 3,292 3,068  
Total Principal $ 2,410,000,000 $ 2,230,000,000  
Loan market valuation adjustment   $ 2,260,000,000  
Number of loans in foreclosure | loan   0  
Valuation adjustments (5,000,000) $ (23,000,000)  
Transfers from loans held-for-sale to loans held-for-investment 600,000,000 1,060,000,000  
Transfers from loans held-for-investment to loans held-for-sale $ 99,000,000 56,000,000  
FICO credit score 770    
Loan to value ratio 65.00%    
Percentage of loans with fixed interest rate 92.00%    
Residential Loans Held For Investment at Fair Value | Redwood | Originated Between 2013 and 2017      
Mortgage Loans on Real Estate [Line Items]      
Percentage of loan portfolio 96.00%    
Residential Loans Held For Investment at Fair Value | Redwood | Originated In 2012 And Prior Years      
Mortgage Loans on Real Estate [Line Items]      
Percentage of loan portfolio 4.00%    
Residential Loans Held For Investment at Fair Value | Redwood | Hybrid Residential Mortgages      
Mortgage Loans on Real Estate [Line Items]      
Weighted average rate on loans 4.07%    
Residential Loans Held For Investment at Fair Value | Redwood | Financing Receivables, Equal to Greater than 90 Days Past Due      
Mortgage Loans on Real Estate [Line Items]      
Total Principal   $ 200,000  
Number of loans past due | loan 0 1  
MSRs      
Mortgage Loans on Real Estate [Line Items]      
Mortgage servicing rights $ 3,030,000,000