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Equity - Basic and Diluted Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Equity [Abstract]    
Net income attributable to Redwood $ 46,845 $ 36,969
Less: Dividends and undistributed earnings allocated to participating securities (1,433) (968)
Net income allocated to common shareholders $ 45,412 $ 36,001
Basic weighted average common shares outstanding (in shares) 75,396,649 76,738,202
Basic earnings per common share (in dollars per share) $ 0.60 $ 0.47
Less: Dividends and undistributed earnings allocated to participating securities $ (1,394) $ (1,005)
Add back: Interest expense on convertible notes for the period, net of tax 8,641 5,870
Net income allocated to common shareholders $ 54,092 $ 41,834
Net effect of dilutive equity awards (in shares) 34,827 111,197
Net effect of assumed convertible notes conversion to common shares (in shares) 32,763,121 21,096,738
Diluted weighted average common shares outstanding (in shares) 108,194,597 97,946,137
Diluted earnings per common share (in dollars per share) $ 0.50 $ 0.43