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Principles of Consolidation - Key Assumptions and Sensitivity Analysis for Assets Retained from Unconsolidated Variable Interest Entity's Sponsored by Redwood (Details) - Variable Interest Entity, Not Primary Beneficiary - USD ($) $ in Thousands		6 Months Ended
	Dec. 31, 2018	Jun. 30, 2019
MSRs
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value	$ 58,572	$ 45,010
Expected life (in years)	8 years	6 years
Prepayment speed assumption (annual CPR)	7.00%	11.00%
Decrease in fair value from:
10% adverse change	$ 1,668	$ 1,898
25% adverse change	$ 4,027	$ 4,513
Discount rate assumption	11.00%	11.00%
Decrease in fair value from:
100 basis point increase	$ 2,323	$ 1,624
200 basis point increase	4,493	$ 3,135
Decrease in fair value from:
Impact of adverse change in prepayment speed		25.00%
Impact of increase in discount rate assumption		1.00%
Impact of adverse change in expected credit losses		25.00%
Senior Securities
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value	$ 61,178	$ 49,014
Expected life (in years)	7 years	6 years
Prepayment speed assumption (annual CPR)	10.00%	12.00%
Decrease in fair value from:
10% adverse change	$ 2,151	$ 1,905
25% adverse change	$ 5,127	$ 4,857
Discount rate assumption	12.00%	13.00%
Decrease in fair value from:
100 basis point increase	$ 2,190	$ 1,310
200 basis point increase	$ 4,226	$ 2,758
Credit loss assumption	0.20%	0.21%
Decrease in fair value from:
10% higher losses	$ 0	$ 0
25% higher losses	0	$ 0
Impact of adverse change in prepayment speed		25.00%
Impact of increase in discount rate assumption		1.00%
Impact of adverse change in expected credit losses		25.00%
Subordinate Securities
Sensitivity Analysis of Fair Value of Interests Continued to be Held by Transferor, Servicing Assets or Liabilities, Impact of Adverse Change in Assumption [Line Items]
Fair value	$ 230,247	$ 209,121
Expected life (in years)	15 years	14 years
Prepayment speed assumption (annual CPR)	9.00%	13.00%
Decrease in fair value from:
10% adverse change	$ 201	$ 158
25% adverse change	$ 1,372	$ 1,124
Discount rate assumption	6.00%	5.00%
Decrease in fair value from:
100 basis point increase	$ 21,982	$ 20,756
200 basis point increase	$ 40,641	$ 38,452
Credit loss assumption	0.20%	0.21%
Decrease in fair value from:
10% higher losses	$ 1,387	$ 1,645
25% higher losses	$ 3,471	$ 4,112
Impact of adverse change in prepayment speed		25.00%
Impact of increase in discount rate assumption		1.00%
Impact of adverse change in expected credit losses		25.00%

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Sensitivity Analysis of Fair Value of Interests that Continue to be Held by Transferor, Servicing Assets or Liabilities [Abstract]

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The hypothetical financial impact of a 200 basis point adverse change of the discount rate on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.

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Sensitivity Analysis Of Fair Value, Transferor's Interests In Transferred Financial Assets, Impact Of Adverse Change In Expected Credit Losses, Percent

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Weighted average life of securitized assets regardless of when the transfer occurred, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents the reported fact of one year, five months, and thirteen days.

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The carrying amount (fair value) as of the balance sheet date of the transferor's interests in transferred financial assets (typically securitized receivables, generally not involved in the collection of principal) following transfer of significant portions of such financial instruments to other parties. Such interests could be ancillary cash flows and interest-only strips.

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The hypothetical financial impact of a 10 percent adverse change of the expected credit losses, including expected static pool losses, on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.

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The hypothetical financial impact of a specified adverse percentage change in discount rate on the fair value of transferor's interests in transferred financial assets (including any servicing assets or servicing liabilities) as of the balance sheet date.

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