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Equity - Basic and Diluted Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 12 Months Ended
Dec. 31, 2018
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Dec. 31, 2017
Sep. 30, 2017
Jun. 30, 2017
Mar. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Earnings Per Share [Abstract]                      
Net income attributable to Redwood $ (913) $ 40,921 $ 32,747 $ 46,845 $ 30,933 $ 36,180 $ 36,324 $ 36,969 $ 119,600 $ 140,406 $ 131,252
Less: Dividends and undistributed earnings allocated to participating securities                 (3,754) (3,632) (3,742)
Net income allocated to common shareholders                 $ 115,846 $ 136,774 $ 127,510
Basic weighted average common shares outstanding (in shares)                 78,724,912 76,792,957 76,747,047
Basic earnings per common share (in dollars per share) $ (0.02) $ 0.49 $ 0.42 $ 0.60 $ 0.39 $ 0.46 $ 0.46 $ 0.47 $ 1.47 $ 1.78 $ 1.66
Less: Dividends and undistributed earnings allocated to participating securities                 $ (4,283) $ (3,836) $ (4,035)
Add back: Interest expense on convertible notes for the period, net of tax                 32,653 26,898 23,862
Net income allocated to common shareholders                 $ 147,970 $ 163,468 $ 151,079
Net effect of dilutive equity awards (in shares)                 189,120 185,383 28,435
Net effect of assumed convertible notes conversion to common shares (in shares)                 31,113,738 24,996,668 21,133,608
Diluted weighted average common shares outstanding (in shares)                 110,027,770 101,975,008 97,909,090
Diluted earnings per common share (in dollars per share) $ (0.02) $ 0.42 $ 0.38 $ 0.50 $ 0.35 $ 0.41 $ 0.43 $ 0.43 $ 1.34 $ 1.60 $ 1.54