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Equity - Basic and Diluted Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Basic Earnings per Common Share:        
Net income attributable to Redwood $ 40,921 $ 36,180 $ 120,513 $ 109,473
Less: Dividends and undistributed earnings allocated to participating securities (1,231) (948) (3,766) (2,800)
Net income allocated to common shareholders $ 39,690 $ 35,232 $ 116,747 $ 106,673
Basic weighted average common shares outstanding (in shares) 80,796,856 76,850,830 77,211,188 76,803,324
Basic earnings per common share (in dollars per share) $ 0.49 $ 0.46 $ 1.51 $ 1.39
Earnings Per Share, Diluted [Abstract]        
Net income attributable to Redwood $ 40,921 $ 36,180 $ 120,513 $ 109,473
Less: Dividends and undistributed earnings allocated to participating securities (1,284) (986) (3,867) (2,926)
Add back: Interest expense on convertible notes for the period, net of tax 8,666 6,564 23,642 18,639
Net income allocated to common shareholders $ 48,303 $ 41,758 $ 140,288 $ 125,186
Basic weighted average common shares outstanding (in shares) 80,796,856 76,850,830 77,211,188 76,803,324
Net effect of dilutive equity awards (in shares) 443,191 298,955 251,935 215,141
Net effect of assumed convertible notes conversion to common shares (in shares) 33,442,641 25,553,323 30,328,906 22,379,401
Diluted weighted average common shares outstanding (in shares) 114,682,688 102,703,108 107,792,029 99,397,866
Diluted earnings per common share (in dollars per share) $ 0.42 $ 0.41 $ 1.30 $ 1.26