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Equity - Basic and Diluted Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Basic Earnings per Common Share:    
Net income attributable to Redwood $ 54,464 $ 46,845
Less: Dividends and undistributed earnings allocated to participating securities (1,539) (1,433)
Net income allocated to common shareholders $ 52,925 $ 45,412
Basic weighted average common shares outstanding (in shares) 92,685,350 75,396,649
Basic Earnings per Common Share (in dollars per share) $ 0.57 $ 0.60
Diluted Earnings per Common Share:    
Net income attributable to Redwood $ 54,464 $ 46,845
Less: Dividends and undistributed earnings allocated to participating securities (1,539) (1,394)
Add back: Interest expense on convertible notes for the period, net of tax 8,687 8,641
Net income allocated to common shareholders $ 61,612 $ 54,092
Weighted average common shares outstanding (in shares) 92,685,350 75,396,649
Net effect of dilutive equity awards (in shares) 150,170 34,827
Net effect of assumed convertible notes conversion to common shares (in shares) 33,442,640 32,763,121
Diluted weighted average common shares outstanding (in shares) 126,278,160 108,194,597
Diluted Earnings per Common Share (in dollars per share) $ 0.49 $ 0.50