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Summary of Significant Accounting Policies - Offsetting of Financial Assets, Liabilities, and Collateral (Details) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
Assets    
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet [1] $ 26,609 $ 35,789
Liabilities    
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet [1] (173,847) (84,855)
Total Liabilities    
Gross Amounts of Recognized Assets (Liabilities) (2,025,050) (1,933,663)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (2,025,050) (1,933,663)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 1,871,628 1,881,142
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 152,167 48,317
Net Amount (1,255) (4,204)
Interest rate agreements    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 19,258 28,211
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 19,258 28,211
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments (17,869) (28,211)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 0 0
Net Amount 1,389 0
Liabilities    
Gross Amounts of Recognized Assets (Liabilities) (168,436) (70,908)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (168,436) (70,908)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 17,869 28,211
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 150,567 42,697
Net Amount 0 0
TBAs    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 1,784 4,665
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 1,784 4,665
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments (1,784) (3,391)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 0 (835)
Net Amount 0 439
Liabilities    
Gross Amounts of Recognized Assets (Liabilities) (4,639) (13,215)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (4,639) (13,215)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 1,784 3,391
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 1,600 5,620
Net Amount (1,255) (4,204)
Interest Rate Agreement, TBAs, And Futures    
Assets    
Gross Amounts of Recognized Assets (Liabilities) 21,042 32,876
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet 21,042 32,876
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments (19,653) (31,602)
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 0 (835)
Net Amount 1,389 439
Loan warehouse debt    
Loan warehouse debt and Security repurchase agreement    
Gross Amounts of Recognized Assets (Liabilities) (638,055) (860,650)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (638,055) (860,650)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 638,055 860,650
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 0 0
Security repurchase agreements    
Loan warehouse debt and Security repurchase agreement    
Gross Amounts of Recognized Assets (Liabilities) (1,213,920) (988,890)
Gross Amounts Offset in Consolidated Balance Sheet 0 0
Net Amounts of Assets (Liabilities) Presented in Consolidated Balance Sheet (1,213,920) (988,890)
Gross Amounts Not Offset in Consolidated Balance Sheet, Financial Instruments 1,213,920 988,890
Gross Amounts Not Offset in Consolidated Balance Sheet, Cash Collateral (Received) Pledged 0 0
Net Amount $ 0 $ 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 June 30, 2019 and December 31, 2018, assets of consolidated VIEs totaled $7,937,685 and $6,331,191, respectively. At June 30, 2019 and December 31, 2018, liabilities of consolidated VIEs totaled $7,189,086 and $5,709,807, respectively. See Note 4 for further discussion.