XML 129 R69.htm IDEA: XBRL DOCUMENT v3.19.3

Principles of Consolidation - Assets and Liabilities of Consolidated Variable Interest Entity's (Details) $ in Thousands	Sep. 30, 2019 USD ($) investment	Dec. 31, 2018 USD ($) investment
Variable Interest Entity [Line Items]
Assets	$ 9,596,537	$ 6,331,191
Liabilities	$ 8,582,595	$ 5,709,807
Number of VIEs | investment	38	33
Residential loans, held-for-investment
Variable Interest Entity [Line Items]
Assets	$ 5,488,698	$ 3,822,009
Multifamily loans, held-for-investment
Variable Interest Entity [Line Items]
Assets	3,791,622	2,144,598
Other investments
Variable Interest Entity [Line Items]
Assets	238,316	312,688
Cash and cash equivalents
Variable Interest Entity [Line Items]
Assets	21,240
Restricted cash
Variable Interest Entity [Line Items]
Assets	21,608	26,531
Accrued interest receivable
Variable Interest Entity [Line Items]
Assets	34,509	21,422
REO
Variable Interest Entity [Line Items]
Assets	544	3,943
Short-term debt
Variable Interest Entity [Line Items]
Liabilities	191,203	262,740
Accrued interest payable
Variable Interest Entity [Line Items]
Liabilities	25,955	17,380
Accrued expenses and other liabilities
Variable Interest Entity [Line Items]
Liabilities	19,386	19,614
Asset-backed securities issued
Variable Interest Entity [Line Items]
Liabilities	8,346,051	5,410,073
Legacy Sequoia
Variable Interest Entity [Line Items]
Assets	430,478	524,869
Liabilities	$ 420,346	$ 512,811
Number of VIEs | investment	20	20
Legacy Sequoia | Residential loans, held-for-investment
Variable Interest Entity [Line Items]
Assets	$ 429,159	$ 519,958
Legacy Sequoia | Multifamily loans, held-for-investment
Variable Interest Entity [Line Items]
Assets	0	0
Legacy Sequoia | Other investments
Variable Interest Entity [Line Items]
Assets	0	0
Legacy Sequoia | Cash and cash equivalents
Variable Interest Entity [Line Items]
Assets	0
Legacy Sequoia | Restricted cash
Variable Interest Entity [Line Items]
Assets	143	146
Legacy Sequoia | Accrued interest receivable
Variable Interest Entity [Line Items]
Assets	716	822
Legacy Sequoia | REO
Variable Interest Entity [Line Items]
Assets	460	3,943
Legacy Sequoia | Short-term debt
Variable Interest Entity [Line Items]
Liabilities	0	0
Legacy Sequoia | Accrued interest payable
Variable Interest Entity [Line Items]
Liabilities	456	571
Legacy Sequoia | Accrued expenses and other liabilities
Variable Interest Entity [Line Items]
Liabilities	0	0
Legacy Sequoia | Asset-backed securities issued
Variable Interest Entity [Line Items]
Liabilities	419,890	512,240
Sequoia Choice
Variable Interest Entity [Line Items]
Assets	2,629,137	2,089,392
Liabilities	$ 2,370,075	$ 1,893,212
Number of VIEs | investment	9	6
Sequoia Choice | Residential loans, held-for-investment
Variable Interest Entity [Line Items]
Assets	$ 2,618,316	$ 2,079,382
Sequoia Choice | Multifamily loans, held-for-investment
Variable Interest Entity [Line Items]
Assets	0	0
Sequoia Choice | Other investments
Variable Interest Entity [Line Items]
Assets	0	0
Sequoia Choice | Cash and cash equivalents
Variable Interest Entity [Line Items]
Assets	0
Sequoia Choice | Restricted cash
Variable Interest Entity [Line Items]
Assets	15	1,022
Sequoia Choice | Accrued interest receivable
Variable Interest Entity [Line Items]
Assets	10,806	8,988
Sequoia Choice | REO
Variable Interest Entity [Line Items]
Assets	0	0
Sequoia Choice | Short-term debt
Variable Interest Entity [Line Items]
Liabilities	0	0
Sequoia Choice | Accrued interest payable
Variable Interest Entity [Line Items]
Liabilities	8,949	7,180
Sequoia Choice | Accrued expenses and other liabilities
Variable Interest Entity [Line Items]
Liabilities	15	1,022
Sequoia Choice | Asset-backed securities issued
Variable Interest Entity [Line Items]
Liabilities	2,361,111	1,885,010
Freddie Mac SLST
Variable Interest Entity [Line Items]
Assets	2,448,522	1,226,595
Liabilities	$ 1,992,971	$ 996,655
Number of VIEs | investment	2	1
Freddie Mac SLST | Residential loans, held-for-investment
Variable Interest Entity [Line Items]
Assets	$ 2,441,223	$ 1,222,669
Freddie Mac SLST | Multifamily loans, held-for-investment
Variable Interest Entity [Line Items]
Assets	0	0
Freddie Mac SLST | Other investments
Variable Interest Entity [Line Items]
Assets	0	0
Freddie Mac SLST | Cash and cash equivalents
Variable Interest Entity [Line Items]
Assets	0
Freddie Mac SLST | Restricted cash
Variable Interest Entity [Line Items]
Assets	0	0
Freddie Mac SLST | Accrued interest receivable
Variable Interest Entity [Line Items]
Assets	7,215	3,926
Freddie Mac SLST | REO
Variable Interest Entity [Line Items]
Assets	84	0
Freddie Mac SLST | Short-term debt
Variable Interest Entity [Line Items]
Liabilities	0	0
Freddie Mac SLST | Accrued interest payable
Variable Interest Entity [Line Items]
Liabilities	5,498	2,907
Freddie Mac SLST | Accrued expenses and other liabilities
Variable Interest Entity [Line Items]
Liabilities	0	0
Freddie Mac SLST | Asset-backed securities issued
Variable Interest Entity [Line Items]
Liabilities	1,987,473	993,748
Freddie Mac K-Series
Variable Interest Entity [Line Items]
Assets	3,802,922	2,151,193
Liabilities	$ 3,588,382	$ 2,025,314
Number of VIEs | investment	4	3
Freddie Mac K-Series | Residential loans, held-for-investment
Variable Interest Entity [Line Items]
Assets	$ 0	$ 0
Freddie Mac K-Series | Multifamily loans, held-for-investment
Variable Interest Entity [Line Items]
Assets	3,791,622	2,144,598
Freddie Mac K-Series | Other investments
Variable Interest Entity [Line Items]
Assets	0	0
Freddie Mac K-Series | Cash and cash equivalents
Variable Interest Entity [Line Items]
Assets	0
Freddie Mac K-Series | Restricted cash
Variable Interest Entity [Line Items]
Assets	0	0
Freddie Mac K-Series | Accrued interest receivable
Variable Interest Entity [Line Items]
Assets	11,300	6,595
Freddie Mac K-Series | REO
Variable Interest Entity [Line Items]
Assets	0	0
Freddie Mac K-Series | Short-term debt
Variable Interest Entity [Line Items]
Liabilities	0	0
Freddie Mac K-Series | Accrued interest payable
Variable Interest Entity [Line Items]
Liabilities	10,805	6,239
Freddie Mac K-Series | Accrued expenses and other liabilities
Variable Interest Entity [Line Items]
Liabilities	0	0
Freddie Mac K-Series | Asset-backed securities issued
Variable Interest Entity [Line Items]
Liabilities	3,577,577	2,019,075
Servicing Investment
Variable Interest Entity [Line Items]
Assets	285,478	339,142
Liabilities	$ 210,821	$ 281,815
Number of VIEs | investment	3	3
Servicing Investment | Residential loans, held-for-investment
Variable Interest Entity [Line Items]
Assets	$ 0	$ 0
Servicing Investment | Multifamily loans, held-for-investment
Variable Interest Entity [Line Items]
Assets	0	0
Servicing Investment | Other investments
Variable Interest Entity [Line Items]
Assets	238,316	312,688
Servicing Investment | Cash and cash equivalents
Variable Interest Entity [Line Items]
Assets	21,240
Servicing Investment | Restricted cash
Variable Interest Entity [Line Items]
Assets	21,450	25,363
Servicing Investment | Accrued interest receivable
Variable Interest Entity [Line Items]
Assets	4,472	1,091
Servicing Investment | REO
Variable Interest Entity [Line Items]
Assets	0	0
Servicing Investment | Short-term debt
Variable Interest Entity [Line Items]
Liabilities	191,203	262,740
Servicing Investment | Accrued interest payable
Variable Interest Entity [Line Items]
Liabilities	247	483
Servicing Investment | Accrued expenses and other liabilities
Variable Interest Entity [Line Items]
Liabilities	19,371	18,592
Servicing Investment | Asset-backed securities issued
Variable Interest Entity [Line Items]
Liabilities	$ 0	$ 0

X

- Definition

Number of Variable Interest Entities, Acquired and Consolidated

+ References

No definition available.

+ Details

Name:	rwt_NumberOfVariableInterestEntitiesAcquiredAndConsolidated
Namespace Prefix:	rwt_
Data Type:	xbrli:integerItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The carrying amount of the consolidated Variable Interest Entity's assets included in the reporting entity's statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (bb)
-URI http://asc.fasb.org/extlink&oid=118582676&loc=d3e5710-111685

+ Details

Name:	us-gaap_VariableInterestEntityConsolidatedCarryingAmountAssets
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	debit
Period Type:	instant

X

- Definition

The carrying amount of the consolidated Variable Interest Entity's liabilities included in the reporting entity's statement of financial position.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 810
-SubTopic 10
-Section 50
-Paragraph 3
-Subparagraph (bb)
-URI http://asc.fasb.org/extlink&oid=118582676&loc=d3e5710-111685

+ Details

Name:	us-gaap_VariableInterestEntityConsolidatedCarryingAmountLiabilities
Namespace Prefix:	us-gaap_
Data Type:	xbrli:monetaryItemType
Balance Type:	credit
Period Type:	instant

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	us-gaap_VariableInterestEntityLineItems
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=rwt_ResidentialLoansHeldForInvestmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=rwt_MultifamilyLoansHeldforInvestmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_OtherInvestmentsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_RestrictedCashAndCashEquivalentsCashAndCashEquivalentsMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=rwt_RestrictedCashMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=rwt_InterestReceivableMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_RealEstateInvestmentMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_ShortTermDebtMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=rwt_InterestPayableMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_AccruedLiabilitiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_VariableInterestEntitiesByClassificationOfEntityAxis=us-gaap_AssetBackedSecuritiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_LegacySequoiaSecuritizationEntitiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_SequoiaChoiceSecuritizationEntitiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacSLSTMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_FreddieMacKSeriesSecuritizationEntitiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type:

X

- Details

Name:	us-gaap_RelatedPartyTransactionsByRelatedPartyAxis=rwt_ExcessServicingEntitiesMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: