XML 123 R108.htm IDEA: XBRL DOCUMENT v3.10.0.1
Short-Term Debt - Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt (Details)
 12 Months Ended
Dec. 31, 2018
USD ($)
Facility
Dec. 31, 2017
USD ($)
Facility
Short-term Debt [Line Items]    
Outstanding Balance [1],[2] $ 2,400,279,000 $ 1,938,682,000
Line of Credit    
Short-term Debt [Line Items]    
Number of Facilities | Facility 17 13
Outstanding Balance $ 1,937,920,000 $ 1,688,412,000
Line of Credit | Residential loan warehouse    
Short-term Debt [Line Items]    
Number of Facilities | Facility 4 4
Outstanding Balance $ 860,650,000 $ 1,039,666,000
Limit $ 1,425,000,000 $ 1,575,000,000
Weighted Average Interest Rate 4.10% 3.17%
Weighted Average Days Until Maturity 178 days 197 days
Line of Credit | Real estate securities repo    
Short-term Debt [Line Items]    
Number of Facilities | Facility 9 9
Outstanding Balance $ 988,890,000 $ 648,746,000
Limit $ 0 $ 0
Weighted Average Interest Rate 3.47% 2.69%
Weighted Average Days Until Maturity 26 days 28 days
Line of Credit | Single-family rental loan warehouse    
Short-term Debt [Line Items]    
Number of Facilities | Facility 2  
Outstanding Balance $ 22,053,000  
Limit $ 400,000,000  
Weighted Average Interest Rate 4.77%  
Weighted Average Days Until Maturity 560 days  
Line of Credit | Residential bridge loan warehouse    
Short-term Debt [Line Items]    
Number of Facilities | Facility 2  
Outstanding Balance $ 66,327,000  
Limit $ 80,000,000  
Weighted Average Interest Rate 5.20%  
Weighted Average Days Until Maturity 629 days  
Servicer advance financing    
Short-term Debt [Line Items]    
Number of Facilities | Facility 1  
Outstanding Balance $ 262,740,000  
Limit $ 350,000,000  
Weighted Average Interest Rate 4.32%  
Weighted Average Days Until Maturity 333 days  
Convertible notes, net    
Short-term Debt [Line Items]    
Outstanding Balance $ 199,619,000 $ 250,270,000
Limit $ 0 $ 0
Weighted Average Interest Rate 5.63% 4.63%
Weighted Average Days Until Maturity 319 days 105 days
[1] Includes $201 million and $250 million of convertible notes at December 31, 2018 and 2017, respectively, which were reclassified from Long-term debt, net to Short-term debt as the maturity of the notes was less than one year as of each of the dates presented. See Note 13 for further discussion.
[2] 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 December 31, 2018 and December 31, 2017, assets of consolidated VIEs totaled $6,331,191 and $1,259,774, respectively. At December 31, 2018 and December 31, 2017, liabilities of consolidated VIEs totaled $5,709,807 and $1,167,157, respectively. See Note 4 for further discussion.