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Residential Loans - Additional Information (Details)
12 Months Ended
Dec. 31, 2018
USD ($)
loan
Dec. 31, 2017
USD ($)
loan
Dec. 31, 2016
USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Number of Loans | loan 1,486 2,013  
Total Principal $ 1,034,434,000 $ 1,409,179,000  
Transfers from loans held-for-sale to loans held-for-investment 2,062,809,000 1,245,430,000 $ 1,063,860,000
Transfers from loans held-for-investment to loans held-for-sale 15,717,000 98,854,000 $ 359,005,000
Sequoia Choice      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loans held as assets amount in foreclosure   0  
Held-for sale residential loans      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loan market valuation adjustment 7,254,742,000 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]      
Loan market valuation adjustment 519,958,000 632,817,000  
Held-for sale residential loans | Sequoia Choice      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loan market valuation adjustment 2,079,382,000 620,062,000  
Held-for sale residential loans | Freddie Mac SLST      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loan market valuation adjustment 1,222,669,000 0  
Redwood Trust Inc. | Held-for sale residential loans      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loan market valuation adjustment 3,432,733,000 $ 3,862,331,000  
Redwood Trust Inc. | Held-for sale residential loans | Residential Real Estate | FHLB Chicago      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Residential mortgage loans securing FHLB advances $ 2,380,000,000    
Redwood Trust Inc. | Fixed rate residential mortgage      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Weighted average rate on loans 4.12%    
Residential Loans      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Number of Loans | loan 1,484 2,009  
Total Principal $ 1,034,000,000 $ 1,410,000,000  
Loan market valuation adjustment $ 1,049,000,000 1,430,000,000  
Number of loans in foreclosure | loan 0    
Principal value $ 7,070,000,000 5,640,000,000  
Principal balance of loans sold during period 7,110,000,000 4,210,000,000  
Valuation adjustments 23,000,000 31,000,000  
Loan pledged as collateral 935,000,000    
Loans held as assets amount in foreclosure 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]      
Loan market valuation adjustment 1,048,690,000 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]      
Loan market valuation adjustment 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]      
Loan market valuation adjustment 0 0  
Residential Loans | Jumbo Loans | Held-for sale residential loans | Freddie Mac SLST      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loan market valuation adjustment 0 0  
Residential Loans | Redwood Trust Inc. | Jumbo Loans | Held-for sale residential loans      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loan market valuation adjustment $ 1,048,690,000 $ 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    
Loans held as assets, 90 days or more past due $ 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  
Total Principal $ 100,000 $ 1,000,000  
Loan market valuation adjustment 100,000 1,000,000  
Loans held as assets, 90 days or more past due   $ 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]      
Loan market valuation adjustment 111,000 $ 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]      
Loan market valuation adjustment 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]      
Loan market valuation adjustment 0 0  
Residential loans, at lower of cost or fair value | Held-for sale residential loans | Freddie Mac SLST      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loan market valuation adjustment 0 0  
Residential loans, at lower of cost or fair value | Redwood Trust Inc. | Held-for sale residential loans      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loan market valuation adjustment $ 111,000 $ 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 1  
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 2,641 3,178  
Total Principal $ 545,000,000 $ 698,000,000  
Loan market valuation adjustment 520,000,000 633,000,000  
Loans held as assets, 90 days or more past due 14,000,000 $ 25,000,000  
FICO credit score   728  
Loan to value ratio   66.00%  
Loans held as assets amount in foreclosure 5,000,000 $ 10,000,000  
Valuation adjustments   $ 23,000,000  
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 adjustments $ 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 2,800 806  
Total Principal $ 2,040,000,000 $ 605,000,000  
Loan market valuation adjustment $ 2,080,000,000 $ 620,000,000  
Number of loans past due | loan 3 0  
Loans held as assets, 90 days or more past due $ 1,905,000    
Number of loans in foreclosure | loan 0    
FICO credit score   744  
Loan to value ratio   75.00%  
Valuation adjustments $ (13,000,000) $ (5,000,000)  
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 $ 646,000,000  
Residential Loans Held For Investment at Fair Value | Freddie Mac SLST      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Number of Loans | loan 7,900 0  
Total Principal $ 1,310,000,000    
Loan market valuation adjustment $ 1,220,000,000    
Number of loans past due | loan 306    
Loans held as assets, 90 days or more past due $ 51,000,000    
Number of loans in foreclosure | loan 0    
FICO credit score 598    
Loan to value ratio 68.00%    
Valuation adjustments $ 21,000,000    
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]      
Valuation adjustments   $ (5,000,000)  
Transfers from loans held-for-sale to loans held-for-investment   600,000,000  
Transfers from loans held-for-investment to loans held-for-sale 16,000,000 99,000,000  
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]      
Loan market valuation adjustment 6,205,941,000 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]      
Loan market valuation adjustment 519,958,000 632,817,000  
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]      
Loan market valuation adjustment 2,079,382,000 620,062,000  
Residential Loans Held For Investment at Fair Value | Jumbo Loans | Held-for sale residential loans | Freddie Mac SLST      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loan market valuation adjustment $ 1,222,669,000 $ 0  
Residential Loans Held For Investment at Fair Value | Redwood Trust Inc.      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Number of Loans | loan 3,296 3,292  
Total Principal $ 2,390,000,000 $ 2,410,000,000  
Loan market valuation adjustment   $ 2,430,000,000  
Number of loans in foreclosure | loan   0  
Valuation adjustments (30,000,000)    
Transfers from loans held-for-sale to loans held-for-investment $ 286,000,000    
FICO credit score 768    
Loan to value ratio 66.00%    
Percentage of loans with fixed interest rate 87.00%    
Residential Loans Held For Investment at Fair Value | Redwood Trust Inc. | Originated Between 2013 and 2017      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Percentage of loan portfolio 96.00%    
Residential Loans Held For Investment at Fair Value | Redwood Trust Inc. | Originated In 2012 And Prior Years      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Percentage of loan portfolio 4.00%    
Residential Loans Held For Investment at Fair Value | Redwood Trust Inc. | Hybrid or ARM Loans      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Weighted average rate on loans 4.23%    
Residential Loans Held For Investment at Fair Value | Redwood Trust Inc. | Jumbo Loans | Held-for sale residential loans      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Loan market valuation adjustment $ 2,383,932,000 $ 2,434,386,000  
Residential Loans Held For Investment at Fair Value | Financing Receivables, Equal to Greater than 90 Days Past Due | Redwood Trust Inc.      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Total Principal $ 1,000,000    
Number of loans past due | loan 2 0  
MSRs      
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]      
Mortgage servicing rights $ 2,620,000,000