XML 82 R70.htm IDEA: XBRL DOCUMENT v3.10.0.1
Residential Loans - Additional Information (Details)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
USD ($)
loan
Sep. 30, 2017
USD ($)
Sep. 30, 2018
USD ($)
loan
Sep. 30, 2017
USD ($)
Dec. 31, 2017
USD ($)
loan
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Transfers from loans held-for-sale to loans held-for-investment     $ 1,981,170,000 $ 643,876,000  
Transfers from loans held-for-investment to loans held-for-sale     15,717,000 98,853,000  
Held-for-sale residential loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans $ 5,922,259,000   5,922,259,000   $ 5,115,210,000
Held-for-sale residential loans | Legacy Sequoia          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans 553,958,000   553,958,000   632,817,000
Held-for-sale residential loans | Sequoia Choice          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans 2,181,195,000   2,181,195,000   620,062,000
Redwood | Held-for-sale residential loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans $ 3,187,106,000   $ 3,187,106,000   $ 3,862,331,000
Redwood | Fixed rate residential mortgage          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Weighted average coupon rate 4.08%   4.08%    
Residential Loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Number of loans | loan     1,232   2,009
Loan Principal $ 859,000,000   $ 859,000,000   $ 1,410,000,000
Residential loans 866,000,000   866,000,000   1,430,000,000
Loans held-for-investment, delinquent greater than 90 days         $ 500,000
Number of loans in foreclosure | loan         0
Principal value of loans purchased 1,790,000,000 $ 1,430,000,000 5,520,000,000 3,720,000,000  
Principal balance of loans sold during period 1,900,000,000 1,050,000,000 5,830,000,000 3,080,000,000  
Gain (loss) on assets measured at fair value on a non-recurring basis 6,000,000 15,000,000 16,000,000 29,000,000  
Loan pledged as collateral 622,000,000   622,000,000    
Loans held-for-investment, in foreclosure 1,000,000   1,000,000    
Residential Loans | Jumbo Loans | Held-for-sale residential loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans 866,331,000   866,331,000   $ 1,427,052,000
Residential Loans | Jumbo Loans | Held-for-sale residential loans | Legacy Sequoia          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans 0   0   0
Residential Loans | Jumbo Loans | Held-for-sale residential loans | Sequoia Choice          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans 0   0   0
Residential Loans | Jumbo Loans | Redwood | Held-for-sale residential loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans $ 866,331,000   $ 866,331,000   $ 1,427,052,000
Residential Loans | Financing Receivables, Equal to Greater than 90 Days Past Due          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Number of loans past due | loan 1   1   1
Loans held-for-investment, delinquent greater than 90 days $ 600,000   $ 600,000    
Residential loans, at lower of cost or fair value          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Number of loans | loan     2   4
Loan Principal 200,000   $ 200,000   $ 1,000,000
Residential loans 100,000   100,000   1,000,000
Loans held-for-investment, delinquent greater than 90 days         $ 300,000
Number of loans in foreclosure | loan         0
Residential loans, at lower of cost or fair value | Held-for-sale residential loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans 113,000   113,000   $ 893,000
Residential loans, at lower of cost or fair value | Held-for-sale residential loans | Legacy Sequoia          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans 0   0   0
Residential loans, at lower of cost or fair value | Held-for-sale residential loans | Sequoia Choice          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans 0   0   0
Residential loans, at lower of cost or fair value | Redwood | Held-for-sale residential loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans $ 113,000   $ 113,000   $ 893,000
Residential loans, at lower of cost or fair value | Financing Receivables, Equal to Greater than 90 Days Past Due          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Number of loans past due | loan 0   0   1
Number of loans in foreclosure | loan 0   0    
Residential Loans Held For Investment at Fair Value | Legacy Sequoia          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Valuation adjustment gain (loss) $ 4,000,000 4,000,000   24,000,000  
Residential Loans Held For Investment at Fair Value | Sequoia Choice          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Transfers from loans held-for-sale to loans held-for-investment 796,000,000        
Residential Loans Held For Investment at Fair Value | Legacy Sequoia          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Number of loans | loan     2,777   3,178
Loan Principal 581,000,000   $ 581,000,000   $ 698,000,000
Residential loans 554,000,000   554,000,000   633,000,000
Loans held-for-investment, delinquent greater than 90 days 16,000,000   16,000,000   $ 25,000,000
Weighted average original Fair Isaac Corporation (FICO) score         728
Weighted average original loan-to-value (LTV)         66.00%
Loans held-for-investment, in foreclosure 8,000,000   8,000,000   $ 10,000,000
Residential Loans Held For Investment at Fair Value | Legacy Sequoia | Legacy Sequoia          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Valuation adjustment gain (loss)     $ 37,000,000    
Residential Loans Held For Investment at Fair Value | Sequoia Choice          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Number of loans | loan     2,928   806
Loan Principal 2,160,000,000   $ 2,160,000,000   $ 605,000,000
Residential loans $ 2,180,000,000   $ 2,180,000,000   $ 620,000,000
Number of loans past due | loan 1   1   0
Loans held-for-investment, delinquent greater than 90 days $ 980,000   $ 980,000    
Number of loans in foreclosure | loan 0   0   0
Weighted average original Fair Isaac Corporation (FICO) score         744
Weighted average original loan-to-value (LTV)         75.00%
Valuation adjustment gain (loss) $ (13,000,000)   $ (25,000,000)    
Residential Loans Held For Investment at Fair Value | Sequoia Choice | Sequoia Choice          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Transfers from loans held-for-investment to loans held-for-sale     $ 1,780,000,000    
Residential Loans Held For Investment at Fair Value | Redwood          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Number of loans | loan     3,259   3,292
Loan Principal $ 2,360,000,000   $ 2,360,000,000   $ 2,410,000,000
Residential loans         2,430,000,000
Number of loans in foreclosure | loan 0   0    
Gain (loss) on assets measured at fair value on a non-recurring basis $ (17,000,000) 3,000,000 $ (71,000,000) 9,000,000  
Transfers from loans held-for-sale to loans held-for-investment 116,000,000 78,000,000 204,000,000 $ 326,000,000  
Transfers from loans held-for-investment to loans held-for-sale $ 15,717,000 $ 98,000,000 $ 16,000,000    
Weighted average original Fair Isaac Corporation (FICO) score 769   769    
Weighted average original loan-to-value (LTV) 66.00%   66.00%    
Percentage of fixed-rate loans 87.00%   87.00%    
Residential Loans Held For Investment at Fair Value | Redwood | Originated Between 2013 and 2018          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Percentage of loan portfolio originated in year 96.00%   96.00%    
Residential Loans Held For Investment at Fair Value | Redwood | Originated 2012 and prior years          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Percentage of loan portfolio originated in year 4.00%   4.00%    
Residential Loans Held For Investment at Fair Value | Redwood | Hybrid or ARM Loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Weighted average coupon rate 4.20%   4.20%    
Residential Loans Held For Investment at Fair Value | Jumbo Loans | Held-for-sale residential loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans $ 5,055,815,000   $ 5,055,815,000   3,687,265,000
Residential Loans Held For Investment at Fair Value | Jumbo Loans | Held-for-sale residential loans | Legacy Sequoia          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans 553,958,000   553,958,000   632,817,000
Residential Loans Held For Investment at Fair Value | Jumbo Loans | Held-for-sale residential loans | Sequoia Choice          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans 2,181,195,000   2,181,195,000   620,062,000
Residential Loans Held For Investment at Fair Value | Jumbo Loans | Redwood | Held-for-sale residential loans          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Residential loans 2,320,662,000   2,320,662,000   $ 2,434,386,000
Residential Loans Held For Investment at Fair Value | Financing Receivables, Equal to Greater than 90 Days Past Due | Redwood          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Loan Principal $ 1,000,000   $ 1,000,000    
Number of loans past due | loan 2   2   0
Number of loans in foreclosure | loan         0
MSRs          
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]          
Mortgage servicing rights, at amortized cost $ 2,530,000,000   $ 2,530,000,000