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Short-Term Debt - Remaining Maturities of Short Term Debt (Details) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
Short-term Debt [Line Items]    
Short-term debt [1],[2] $ 1,980,817 $ 2,400,279
Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 865,779  
31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 793,179  
Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 321,859  
Facilities    
Short-term Debt [Line Items]    
Short-term debt 1,589,062 1,937,920
Facilities | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 865,779  
Facilities | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 401,424  
Facilities | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 321,859  
Facilities | Held-for-sale residential loans    
Short-term Debt [Line Items]    
Short-term debt 233,224 860,650
Facilities | Held-for-sale residential loans | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 31,031  
Facilities | Held-for-sale residential loans | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 108,316  
Facilities | Held-for-sale residential loans | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 93,877  
Facilities | Real estate securities    
Short-term Debt [Line Items]    
Short-term debt 1,157,646  
Facilities | Real estate securities | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 834,748  
Facilities | Real estate securities | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 293,108  
Facilities | Real estate securities | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 29,790  
Facilities | Single-family rental loans    
Short-term Debt [Line Items]    
Short-term debt 59,204 22,053
Facilities | Single-family rental loans | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Single-family rental loans | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Single-family rental loans | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 59,204  
Facilities | Residential bridge loans    
Short-term Debt [Line Items]    
Short-term debt 138,988 66,327
Facilities | Residential bridge loans | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Residential bridge loans | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Facilities | Residential bridge loans | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 138,988  
Servicer advance financing    
Short-term Debt [Line Items]    
Short-term debt 191,203 262,740
Servicer advance financing | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Servicer advance financing | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 191,203  
Servicer advance financing | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net    
Short-term Debt [Line Items]    
Short-term debt 200,552 $ 199,619
Convertible notes, net | Within 30 days    
Short-term Debt [Line Items]    
Short-term debt 0  
Convertible notes, net | 31 to 90 days    
Short-term Debt [Line Items]    
Short-term debt 200,552  
Convertible notes, net | Over 90 days    
Short-term Debt [Line Items]    
Short-term debt $ 0  
[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.