XML 64 R52.htm IDEA: XBRL DOCUMENT v3.10.0.1
Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Offsetting Asset and Liabilities [Line Items]    
Future lease commitments with expiration date $ 16,150  
Net Amounts of Assets Presented in Consolidated Balance Sheet [1] 87,219 $ 15,718
Gross Amounts of Recognized Liabilities, Including Assets Under Repurchase Agreements (1,399,300) (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] (42,724) (63,081)
Net Amounts of Liabilities Presented in Consolidated Balance Sheet Including Assets Under Repurchase Agreement (1,399,300) (1,747,787)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments Including Assets Under Repurchase Agreement 1,370,323 1,694,741
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged Including Assets Under Repurchase Agreement 28,914 50,747
Net Amount Including Assets Under Repurchase Agreement $ (63) (2,299)
Fix-and-flip loans held-for-investment    
Offsetting Asset and Liabilities [Line Items]    
Loans held-for-investment, term 2 years  
Interest Rate Agreement, TBAs, And Futures    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets $ 85,037 10,298
Net Amounts of Assets Presented in Consolidated Balance Sheet 85,037 10,298
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (11,348) (6,329)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged (33,393) (42)
Net Amount 40,296 3,927
Interest rate agreements    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets 78,006 10,164
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets Presented in Consolidated Balance Sheet 78,006 10,164
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (10,429) (6,196)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged (28,159) (42)
Net Amount 39,418 3,926
Gross Amounts of Recognized Liabilities (38,581) (55,567)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet (38,581) (55,567)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 10,429 6,196
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 28,152 49,371
Net Amount 0 0
TBAs    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets 6,987 133
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets Presented in Consolidated Balance Sheet 6,987 133
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments (919) (133)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged (5,234) 0
Net Amount 834 0
Gross Amounts of Recognized Liabilities (1,744) (3,808)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Liabilities Presented in Consolidated Balance Sheet (1,744) (3,808)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 919 133
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 762 1,376
Net Amount (63) (2,299)
Futures    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Assets 44 1
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets Presented in Consolidated Balance Sheet 44 1
Gross Amounts Not Offset in Consolidated Balance Sheet - Financial Instruments 0 0
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral Pledged 0 0
Net Amount 44 1
Loan warehouse debt    
Offsetting Asset and Liabilities [Line Items]    
Gross Amounts of Recognized Liabilities - Under Repurchase Agreements (578,157) (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 (578,157) (1,039,666)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments - Under Repurchase Agreement 578,157 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 (780,818) (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 (780,818) (648,746)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments - Under Repurchase Agreement 780,818 648,746
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 September 30, 2018 and December 31, 2017, assets of consolidated VIEs totaled $3,693,140 and $1,259,774, respectively. At September 30, 2018 and December 31, 2017, liabilities of consolidated VIEs totaled $3,417,835 and $1,167,157, respectively. See Note 4 for further discussion.