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Short-Term Debt - Remaining Maturities of Short Term Debt (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Short-term Debt [Line Items]    
Short-term debt [1],[2] $ 2,400,279 $ 1,938,682
Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 764,052  
31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 683,793  
Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 952,434  
Line of Credit    
Short-term Debt [Line Items]    
Short-term debt 1,937,920 1,688,412
Line of Credit | Held-for sale residential loans    
Short-term Debt [Line Items]    
Short-term debt 860,650 1,039,666
Line of Credit | Real estate securities    
Short-term Debt [Line Items]    
Short-term debt 988,890 648,746
Line of Credit | Single-family rental loan warehouse    
Short-term Debt [Line Items]    
Short-term debt 22,053  
Line of Credit | Residential bridge loan warehouse    
Short-term Debt [Line Items]    
Short-term debt 66,327  
Line of Credit | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 764,052  
Line of Credit | Within 30 days | Held-for sale residential loans    
Short-term Debt [Line Items]    
Short-term debt 0  
Line of Credit | Within 30 days | Real estate securities    
Short-term Debt [Line Items]    
Short-term debt 764,052  
Line of Credit | Within 30 days | Single-family rental loan warehouse    
Short-term Debt [Line Items]    
Short-term debt 0  
Line of Credit | Within 30 days | Residential bridge loan warehouse    
Short-term Debt [Line Items]    
Short-term debt 0  
Line of Credit | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 683,793  
Line of Credit | 31 to 90 days | Held-for sale residential loans    
Short-term Debt [Line Items]    
Short-term debt 458,955  
Line of Credit | 31 to 90 days | Real estate securities    
Short-term Debt [Line Items]    
Short-term debt 224,838  
Line of Credit | 31 to 90 days | Single-family rental loan warehouse    
Short-term Debt [Line Items]    
Short-term debt 0  
Line of Credit | 31 to 90 days | Residential bridge loan warehouse    
Short-term Debt [Line Items]    
Short-term debt 0  
Line of Credit | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 490,075  
Line of Credit | Over 90 days | Held-for sale residential loans    
Short-term Debt [Line Items]    
Short-term debt 401,695  
Line of Credit | Over 90 days | Real estate securities    
Short-term Debt [Line Items]    
Short-term debt 0  
Line of Credit | Over 90 days | Single-family rental loan warehouse    
Short-term Debt [Line Items]    
Short-term debt 22,053  
Line of Credit | Over 90 days | Residential bridge loan warehouse    
Short-term Debt [Line Items]    
Short-term debt 66,327  
Servicer advance financing    
Short-term Debt [Line Items]    
Short-term debt 262,740  
Servicer advance financing | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Servicer advance financing | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Servicer advance financing | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 262,740  
Convertible notes, net    
Short-term Debt [Line Items]    
Short-term debt 199,619 $ 250,270
Convertible notes, net | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt $ 199,619  
[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.