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Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details) - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Accounting Policies [Abstract]    
Future lease commitments with expiration date $ 17,110  
Offsetting Asset and Liabilities [Line Items]    
Net Amounts of Assets Presented in Consolidated Balance Sheet [1] 63,544 $ 15,718
Gross Amounts of Recognized Liabilities, Including Assets Under Repurchase Agreements (1,306,403) (1,747,787)
Gross Amounts Offset in Consolidated Balance Sheet Including Assets Under Repurchase Agreement 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet [1] (56,201) (63,081)
Net Amounts of Liabilities Presented in Consolidated Balance Sheet Including Assets Under Repurchase Agreement (1,306,403) (1,747,787)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments Including Assets Under Repurchase Agreement 1,266,877 1,694,741
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged Including Assets Under Repurchase Agreement 38,283 50,747
Net Amount Including Assets Under Repurchase Agreement (1,243) (2,299)
Interest Rate Agreement, TBAs, And Futures    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets 59,544 10,298
Net Amounts of Assets Presented in Consolidated Balance Sheet 59,544 10,298
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (12,801) (6,329)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged (16,653) (42)
Net Amount 30,090 3,927
Interest rate agreements    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets 50,919 10,164
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets Presented in Consolidated Balance Sheet 50,919 10,164
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (8,850) (6,196)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged (12,010) (42)
Net Amount 30,059 3,926
Gross Amounts of Recognized Liabilities (46,513) (55,567)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet (46,513) (55,567)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 8,850 6,196
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 37,663 49,371
Net Amount 0 0
TBAs    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets 8,625 133
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets Presented in Consolidated Balance Sheet 8,625 133
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (3,951) (133)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged (4,643) 0
Net Amount 31 0
Gross Amounts of Recognized Liabilities (5,457) (3,808)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet (5,457) (3,808)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 3,951 133
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 263 1,376
Net Amount (1,243) (2,299)
Futures    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets   1
Gross Amounts Offset in Consolidated Balance Sheet   0
Net Amounts of Assets Presented in Consolidated Balance Sheet   1
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments   0
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged   0
Net Amount   1
Gross Amounts of Recognized Liabilities (357)  
Gross Amounts Offset in Consolidated Balance Sheet 0  
Net Amounts of Liabilities Presented in Consolidated Balance Sheet (357)  
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 0  
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 357  
Net Amount 0  
Loan warehouse debt    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Liabilities - Under Repurchase Agreements (661,782) (1,039,666)
Gross Amounts Offset in Consolidated Balance Sheet - Under Repurchase Agreement 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet - Under Repurchase Agreement (661,782) (1,039,666)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments - Under Repurchase Agreement 661,782 1,039,666
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged - Under Repurchase Agreement 0 0
Security repurchase agreements    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Liabilities - Under Repurchase Agreements (592,294) (648,746)
Gross Amounts Offset in Consolidated Balance Sheet - Under Repurchase Agreement 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet - Under Repurchase Agreement (592,294) (648,746)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments - Under Repurchase Agreement 592,294 648,746
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged - Under Repurchase Agreement 0 0
Net Amount - Under Repurchase Agreement $ 0 $ 0
[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 March 31, 2018 and December 31, 2017, assets of consolidated VIEs totaled $1,647,850 and $1,259,774, respectively. At March 31, 2018 and December 31, 2017, liabilities of consolidated VIEs totaled $1,546,066 and $1,167,157, respectively. See Note 4 for further discussion.