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Asset-Backed Securities Issued - Components of Asset-Backed Securities Issued by Consolidated Securitization Entities Sponsored, Along With Other Selected Information (Details)
$ in Thousands
Jun. 30, 2019
USD ($)
series
Dec. 31, 2018
USD ($)
series
Debt Instrument [Line Items]    
Total FHLBC Borrowings [1] $ 2,573,173 $ 2,572,158
Asset-backed securities issued    
Debt Instrument [Line Items]    
Market valuation adjustments 160,428 (58,290)
Total FHLBC Borrowings 6,913,129 5,410,073
Asset-backed securities issued | Certificates with principal balance    
Debt Instrument [Line Items]    
Certificates with principal balance 6,526,073 5,309,564
Asset-backed securities issued | Interest-only certificates    
Debt Instrument [Line Items]    
Certificates with principal balance 226,628 158,799
Asset-backed securities issued | Legacy Sequoia    
Debt Instrument [Line Items]    
Market valuation adjustments (20,968) (29,753)
Total FHLBC Borrowings $ 448,862 $ 512,240
Number of series | series 20 20
Asset-backed securities issued | Legacy Sequoia | Minimum    
Debt Instrument [Line Items]    
Weighted average interest rates, by series 2.55% 1.36%
Asset-backed securities issued | Legacy Sequoia | Maximum    
Debt Instrument [Line Items]    
Weighted average interest rates, by series 3.68% 3.60%
Asset-backed securities issued | Legacy Sequoia | Certificates with principal balance    
Debt Instrument [Line Items]    
Certificates with principal balance $ 468,193 $ 540,456
Asset-backed securities issued | Legacy Sequoia | Interest-only certificates    
Debt Instrument [Line Items]    
Certificates with principal balance 1,637 1,537
Asset-backed securities issued | Sequoia Choice    
Debt Instrument [Line Items]    
Market valuation adjustments 49,323 20,590
Total FHLBC Borrowings $ 1,929,444 $ 1,885,010
Number of series | series 7 6
Asset-backed securities issued | Sequoia Choice | Minimum    
Debt Instrument [Line Items]    
Weighted average interest rates, by series 4.42% 4.46%
Asset-backed securities issued | Sequoia Choice | Maximum    
Debt Instrument [Line Items]    
Weighted average interest rates, by series 5.08% 4.97%
Asset-backed securities issued | Sequoia Choice | Certificates with principal balance    
Debt Instrument [Line Items]    
Certificates with principal balance $ 1,862,408 $ 1,838,758
Asset-backed securities issued | Sequoia Choice | Interest-only certificates    
Debt Instrument [Line Items]    
Certificates with principal balance 17,713 25,662
Asset-backed securities issued | Freddie Mac SLST    
Debt Instrument [Line Items]    
Market valuation adjustments 91,381 89
Total FHLBC Borrowings $ 991,766 $ 993,748
Weighted average interest rates, by series 3.50% 3.51%
Number of series | series 1 1
Asset-backed securities issued | Freddie Mac SLST | Certificates with principal balance    
Debt Instrument [Line Items]    
Certificates with principal balance $ 3,244,398 $ 993,659
Asset-backed securities issued | Freddie Mac SLST | Interest-only certificates    
Debt Instrument [Line Items]    
Certificates with principal balance 207,278 0
Asset-backed securities issued | Freddie Mac K-Series    
Debt Instrument [Line Items]    
Market valuation adjustments 40,692 (49,216)
Total FHLBC Borrowings $ 3,543,057 $ 2,019,075
Number of series | series 4 3
Asset-backed securities issued | Freddie Mac K-Series | Minimum    
Debt Instrument [Line Items]    
Weighted average interest rates, by series 3.39% 3.39%
Asset-backed securities issued | Freddie Mac K-Series | Maximum    
Debt Instrument [Line Items]    
Weighted average interest rates, by series 4.20% 4.08%
Asset-backed securities issued | Freddie Mac K-Series | Certificates with principal balance    
Debt Instrument [Line Items]    
Certificates with principal balance $ 951,074 $ 1,936,691
Asset-backed securities issued | Freddie Mac K-Series | Interest-only certificates    
Debt Instrument [Line Items]    
Certificates with principal balance $ 0 $ 131,600
[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.