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Short-Term Debt - Outstanding Balances of Short-Term Debt by Type of Collateral Securing Debt (Details)
 9 Months Ended 12 Months Ended
Sep. 30, 2019
USD ($)
facility
Dec. 31, 2018
USD ($)
facility
Short-term Debt [Line Items]    
Outstanding Balance [1],[2] $ 1,980,817,000 $ 2,400,279,000
Facilities    
Short-term Debt [Line Items]    
Number of Facilities | facility 20 17
Outstanding Balance $ 1,589,062,000 $ 1,937,920,000
Facilities | Residential loan warehouse    
Short-term Debt [Line Items]    
Number of Facilities | facility 4 4
Outstanding Balance $ 233,224,000 $ 860,650,000
Limit $ 1,425,000,000 $ 1,425,000,000
Weighted Average Interest Rate 3.51% 4.10%
Weighted Average Days Until Maturity 96 days 178 days
Facilities | Real estate securities repo    
Short-term Debt [Line Items]    
Number of Facilities | facility 9 9
Outstanding Balance $ 1,157,646,000 $ 988,890,000
Limit $ 0 $ 0
Weighted Average Interest Rate 3.11% 3.47%
Weighted Average Days Until Maturity 28 days 26 days
Facilities | Single-family rental loan warehouse    
Short-term Debt [Line Items]    
Number of Facilities | facility 2 2
Outstanding Balance $ 59,204,000 $ 22,053,000
Limit $ 400,000,000 $ 400,000,000
Weighted Average Interest Rate 4.30% 4.77%
Weighted Average Days Until Maturity 358 days 560 days
Facilities | Residential bridge loan warehouse    
Short-term Debt [Line Items]    
Number of Facilities | facility 4 2
Outstanding Balance $ 138,988,000 $ 66,327,000
Limit $ 330,000,000 $ 80,000,000
Weighted Average Interest Rate 4.54% 5.20%
Weighted Average Days Until Maturity 707 days 629 days
Facilities | Business purpose loan working capital    
Short-term Debt [Line Items]    
Number of Facilities | facility 1  
Outstanding Balance $ 0  
Limit $ 15,000,000  
Weighted Average Interest Rate 5.00%  
Servicer advance financing    
Short-term Debt [Line Items]    
Number of Facilities | facility 1 1
Outstanding Balance $ 191,203,000 $ 262,740,000
Limit $ 350,000,000 $ 350,000,000
Weighted Average Interest Rate 3.89% 4.32%
Weighted Average Days Until Maturity 46 days 333 days
Convertible notes, net    
Short-term Debt [Line Items]    
Outstanding Balance $ 200,552,000 $ 199,619,000
Weighted Average Interest Rate 5.63% 5.63%
Weighted Average Days Until Maturity 60 days 319 days
Servicer advance financing    
Short-term Debt [Line Items]    
Outstanding Balance $ 191,203,000  
[1]
Includes $201 million of convertible notes, which were reclassified from Long-term debt, net to Short-term debt as the maturity of the notes was less than one year as of November 15, 2018. See Note 13 for further discussion.
[2]
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 September 30, 2019 and December 31, 2018, assets of consolidated VIEs totaled $9,596,537 and $6,331,191, respectively. At September 30, 2019 and December 31, 2018, liabilities of consolidated VIEs totaled $8,582,595 and $5,709,807, respectively. See Note 4 for further discussion.