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Other Investments - Summary of Other Investments (Details) - USD ($)
$ in Thousands
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Investment [Line Items]        
Servicing asset, fair value $ 300,000      
Loan held-for-investment, amount 39,703 $ 0    
Other Investments [1] 438,518 63,598    
5 Arches, LLC        
Investment [Line Items]        
Carrying amount of equity method investments 10,754 0    
Mortgage servicing rights        
Investment [Line Items]        
Servicing asset, fair value 60,281 63,598 $ 118,526 $ 191,976
Residential Loans        
Investment [Line Items]        
Servicing asset, fair value 300,468 0    
Excess MSRs        
Investment [Line Items]        
Servicing asset, fair value $ 27,312 $ 0    
[1] 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.