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Equity - Basic and Diluted Earnings Per Common Share (Details) - USD ($)
$ / shares in Units, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Basic Earnings per Common Share:        
Net income attributable to Redwood $ 34,310 $ 40,921 $ 120,040 $ 120,513
Less: Dividends and undistributed earnings allocated to participating securities (856) (1,231) (3,260) (3,766)
Net income allocated to common shareholders $ 33,454 $ 39,690 $ 116,780 $ 116,747
Basic weighted average common shares outstanding (in shares) 101,872,126 80,796,856 97,214,064 77,211,188
Basic Earnings per Common Share (in dollars per share) $ 0.33 $ 0.49 $ 1.20 $ 1.51
Diluted Earnings per Common Share:        
Net income attributable to Redwood $ 34,310 $ 40,921 $ 120,040 $ 120,513
Less: Dividends and undistributed earnings allocated to participating securities (1,036) (1,284) (3,625) (3,867)
Add back: Interest expense on convertible notes for the period, net of tax 8,887 8,666 26,271 23,642
Net income allocated to common shareholders $ 42,161 $ 48,303 $ 142,686 $ 140,288
Weighted average common shares outstanding (in shares) 101,872,126 80,796,856 97,214,064 77,211,188
Net effect of dilutive equity awards (in shares) 362,743 443,191 261,155 251,935
Net effect of assumed convertible notes conversion to common shares (in shares) 34,287,840 33,442,641 33,727,470 30,328,906
Diluted weighted average common shares outstanding (in shares) 136,522,709 114,682,688 131,202,689 107,792,029
Diluted Earnings per Common Share (in dollars per share) $ 0.31 $ 0.42 $ 1.09 $ 1.30