Fair Value, Option, Loans Held As Assets, Aggregate Amount In Foreclosure

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- Definition

The weighted average FICO score for borrowers at the time loans were originated.

+ References

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Financing Receivable, Loan To Value Ratio

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- Definition

Financing Receivable, Number Of Loans In Foreclosure

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- Definition

Financing Receivable, Number Of Loans Past Due

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- Definition

Financing Receivables, Weighted Average Interest Rate

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No definition available.

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- Definition

Loans Receivable, Percentage Bearing Fixed Interest, Percentage Rate

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No definition available.

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- Definition

Percentage Of Loan Portfolio

+ References

No definition available.

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- Definition

Principal Balance of Loans Acquired During Period

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No definition available.

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- Definition

Principal Balance of Loans Sold During Period

+ References

No definition available.

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- 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.

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- Definition

Number of mortgage loans within investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Publisher SEC
-Name Regulation S-X (SX)
-Number 210
-Section 12
-Footnote 3
-Subsection 29

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-Section S99
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- Definition

For each line item in the statement of financial position, the amounts of gains and losses from fair value changes included in earnings.

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-SubTopic 10
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-Subparagraph (a)
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- Definition

This item represents the aggregate fair value of loans held as assets that are 90 days or more past due for which the fair value option has been elected.

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- Definition

Amount of the collateral pledged in support of federal home loan bank advances outstanding.

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- Definition

Amount after allowance and deduction of deferred interest and fees, unamortized costs and premiums and discounts from face amounts, of loans and leases held in portfolio, including but not limited to, commercial and consumer loans. Excludes loans and leases covered under loss sharing agreements and loans held for sale.

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- Definition

Carrying amount as of the balance sheet date of loans that have been pledged as collateral for borrowings. If the secured party has the right by contract or custom to sell or re-pledge the collateral, then the debtor reclassifies that asset and report that asset in its statement of financial position separately from other assets not so encumbered.

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- Definition

Recorded investment of consumer mortgage loan receivables secured by residential real estate properties for which formal foreclosure proceedings are in process.

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- Definition

Amount of increase (decrease) in investment in mortgage loan on real estate by entity with substantial portion of business acquiring and holding investment real estate or interest in real estate.

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- Definition

This is the sum of principal amount outstanding for both securitized and unsecuritized loans of all types.

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- Definition

Amortized amount of contract to service financial assets under which the benefits of servicing are expected to more than adequately compensate the servicer.

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- Definition

Value of loans held-for-sale transferred to loans held in the entity's portfolio in noncash transactions.

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Value of loans and leases held in the entity's portfolio transferred to loans and leases held-for-sale in noncash transactions.

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Residential Loans - Additional Information (Details)			3 Months Ended		9 Months Ended
Residential Loans - Additional Information (Details)	Sep. 30, 2019 USD ($) loan	Dec. 31, 2018 USD ($) loan	Sep. 30, 2019 USD ($) loan	Sep. 30, 2018 USD ($)	Sep. 30, 2019 USD ($) loan	Sep. 30, 2018 USD ($)
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Transfers from loans held-for-sale to loans held-for-investment					$ 1,361,015,000	$ 1,981,170,000
Transfers from loans held-for-investment to loans held-for-sale					22,808,000	15,717,000
Held-for-sale residential loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	$ 8,681,803,000	$ 7,254,742,000	$ 8,681,803,000		8,681,803,000
Held-for-sale residential loans \| Legacy Sequoia
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	429,159,000	519,958,000	429,159,000		429,159,000
Held-for-sale residential loans \| Sequoia Choice
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	2,618,316,000	2,079,382,000	2,618,316,000		2,618,316,000
Held-for-sale residential loans \| Freddie Mac SLST
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	$ 2,441,223,000	1,222,669,000	$ 2,441,223,000		$ 2,441,223,000
Redwood \| Fixed rate residential mortgage
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Weighted average coupon rate	4.15%		4.15%		4.15%
Redwood \| Held-for-sale residential loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	$ 3,193,105,000	$ 3,432,733,000	$ 3,193,105,000		$ 3,193,105,000
Residential Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of loans \| loan	1,206	1,484
Loan principal	$ 904,000,000	$ 1,030,000,000.00	904,000,000		904,000,000
Residential loans	$ 926,000,000	$ 1,050,000,000.00	$ 926,000,000		$ 926,000,000
Number of loans in foreclosure \| loan	0	0	0		0
Principal value of loans purchased			$ 1,450,000,000	$ 1,790,000,000	$ 3,940,000,000	5,520,000,000
Principal balance of loans sold during period			1,530,000,000	1,900,000,000	3,920,000,000	5,830,000,000
Gain (loss) on assets measured at fair value on a non-recurring basis			(7,000,000)	6,000,000	300,000	16,000,000
Loan pledged as collateral	$ 253,000,000	$ 935,000,000	253,000,000		253,000,000
Loans held-for-investment, in foreclosure	2,000,000		2,000,000		2,000,000
Residential Loans \| Jumbo Loans \| Held-for-sale residential loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	925,780,000	1,048,690,000	925,780,000		925,780,000
Residential Loans \| Jumbo Loans \| Held-for-sale residential loans \| Legacy Sequoia
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	0	0	0		0
Residential Loans \| Jumbo Loans \| Held-for-sale residential loans \| Sequoia Choice
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	0	0	0		0
Residential Loans \| Jumbo Loans \| Held-for-sale residential loans \| Freddie Mac SLST
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	0	0	0		0
Residential Loans \| Jumbo Loans \| Redwood \| Held-for-sale residential loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	925,780,000	1,048,690,000	925,780,000		925,780,000
Residential Loans \| Financing Receivables, Equal to Greater than 90 Days Past Due
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loan principal	$ 700,000	$ 700,000	$ 700,000		$ 700,000
Number of loans past due \| loan	1	1	1		1
Loans held-for-investment, delinquent greater than 90 days	$ 600,000	$ 600,000	$ 600,000		$ 600,000
At lower of cost or fair value
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of loans \| loan	2	2
Loan principal	$ 100,000	$ 100,000	100,000		100,000
Residential loans	100,000	100,000	100,000		100,000
At lower of cost or fair value \| Held-for-sale residential loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	107,000	111,000	107,000		107,000
At lower of cost or fair value \| Held-for-sale residential loans \| Legacy Sequoia
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	0	0	0		0
At lower of cost or fair value \| Held-for-sale residential loans \| Sequoia Choice
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	0	0	0		0
At lower of cost or fair value \| Held-for-sale residential loans \| Freddie Mac SLST
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	0	0	0		0
At lower of cost or fair value \| Redwood \| Held-for-sale residential loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	$ 107,000	$ 111,000	$ 107,000		$ 107,000
At lower of cost or fair value \| Financing Receivables, Equal to Greater than 90 Days Past Due
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of loans past due \| loan	0	0	0		0
Held-for-investment at fair value \| Legacy Sequoia
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Valuation adjustment gain (loss)			$ (100,000)	4,000,000	$ 5,000,000	37,000,000
Held-for-investment at fair value \| Sequoia Choice
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Transfers from loans held-for-sale to loans held-for-investment			727,000,000		1,080,000,000.00
Held-for-investment at fair value \| Legacy Sequoia
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of loans \| loan	2,277	2,641
Loan principal	$ 446,000,000	$ 545,000,000	446,000,000		446,000,000
Residential loans	429,000,000	520,000,000	429,000,000		429,000,000
Loans held-for-investment, delinquent greater than 90 days	$ 13,000,000	14,000,000	$ 13,000,000		$ 13,000,000
Weighted average original Fair Isaac Corporation (FICO) score	727		727		727
Weighted average original loan-to-value (LTV)	66.00%		66.00%		66.00%
Loans held-for-investment, in foreclosure	$ 3,000,000	$ 5,000,000	$ 3,000,000		$ 3,000,000
Held-for-investment at fair value \| Sequoia Choice
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of loans \| loan	3,543	2,800
Loan principal	$ 2,550,000,000	$ 2,040,000,000.00	2,550,000,000		2,550,000,000
Residential loans	$ 2,620,000,000	$ 2,080,000,000.00	$ 2,620,000,000		$ 2,620,000,000
Number of loans past due \| loan	6	3	6		6
Loans held-for-investment, delinquent greater than 90 days	$ 4,000,000	$ 2,000,000	$ 4,000,000		$ 4,000,000
Number of loans in foreclosure \| loan	1	0	1		1
Weighted average original Fair Isaac Corporation (FICO) score	745		745		745
Weighted average original loan-to-value (LTV)	75.00%		75.00%		75.00%
Valuation adjustment gain (loss)			$ (11,000,000)	(13,000,000)	$ 5,000,000	(25,000,000)
Loans in foreclosure amount	$ 1,000,000		1,000,000		1,000,000
Held-for-investment at fair value \| Freddie Mac SLST
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of loans \| loan	14,706	7,900
Loan principal	$ 2,470,000,000	$ 1,310,000,000	2,470,000,000		2,470,000,000
Residential loans	$ 2,440,000,000	$ 1,220,000,000	$ 2,440,000,000		$ 2,440,000,000
Number of loans past due \| loan	288	306	288		288
Loans held-for-investment, delinquent greater than 90 days	$ 75,000,000	$ 51,000,000	$ 75,000,000		$ 75,000,000
Number of loans in foreclosure \| loan	150	0	150		150
Weighted average original Fair Isaac Corporation (FICO) score	599		599		599
Weighted average original loan-to-value (LTV)	68.00%		68.00%		68.00%
Valuation adjustment gain (loss)			$ 40,000,000		$ 95,000,000
Loans in foreclosure amount	$ 24,000,000		24,000,000		24,000,000
Held-for-investment at fair value \| Redwood
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Number of loans \| loan	3,118	3,296
Loan principal	$ 2,200,000,000	$ 2,390,000,000	2,200,000,000		2,200,000,000
Residential loans		$ 2,380,000,000
Number of loans in foreclosure \| loan		0
Principal value of loans purchased			0		39,000,000
Gain (loss) on assets measured at fair value on a non-recurring basis			8,000,000	(17,000,000)	71,000,000	(71,000,000)
Transfers from loans held-for-sale to loans held-for-investment			0	116,000,000	69,000,000	204,000,000
Transfers from loans held-for-investment to loans held-for-sale			$ 0	$ 16,000,000	$ 23,000,000	$ 16,000,000
Weighted average original Fair Isaac Corporation (FICO) score	768		768		768
Weighted average original loan-to-value (LTV)	66.00%		66.00%		66.00%
Percentage of fixed-rate loans	88.00%		88.00%		88.00%
Held-for-investment at fair value \| Redwood \| Originated Between 2013 and 2019
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of loan portfolio originated in year	96.00%		96.00%		96.00%
Held-for-investment at fair value \| Redwood \| Originated 2012 and prior years
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Percentage of loan portfolio originated in year	4.00%		4.00%		4.00%
Held-for-investment at fair value \| Redwood \| Hybrid or ARM Loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Weighted average coupon rate	4.19%		4.19%		4.19%
Held-for-investment at fair value \| Jumbo Loans \| Held-for-sale residential loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	$ 7,755,916,000	$ 6,205,941,000	$ 7,755,916,000		$ 7,755,916,000
Held-for-investment at fair value \| Jumbo Loans \| Held-for-sale residential loans \| Legacy Sequoia
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	429,159,000	519,958,000	429,159,000		429,159,000
Held-for-investment at fair value \| Jumbo Loans \| Held-for-sale residential loans \| Sequoia Choice
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	2,618,316,000	2,079,382,000	2,618,316,000		2,618,316,000
Held-for-investment at fair value \| Jumbo Loans \| Held-for-sale residential loans \| Freddie Mac SLST
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	2,441,223,000	1,222,669,000	2,441,223,000		2,441,223,000
Held-for-investment at fair value \| Jumbo Loans \| Redwood \| Held-for-sale residential loans
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Residential loans	2,267,218,000	2,383,932,000	2,267,218,000		2,267,218,000
Held-for-investment at fair value \| Financing Receivables, Equal to Greater than 90 Days Past Due \| Redwood
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loan principal	$ 500,000	$ 1,000,000	$ 500,000		$ 500,000
Number of loans past due \| loan	1	2	1		1
MSRs
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Mortgage servicing rights, at amortized cost	$ 2,510,000,000		$ 2,510,000,000		$ 2,510,000,000
Residential Real Estate \| Redwood \| Held-for-sale residential loans \| FHLB Chicago
SEC Schedule, 12-29, Real Estate Companies, Investment in Mortgage Loans on Real Estate [Line Items]
Loans pledged as collateral under borrowing agreement with FHLBC	$ 2,270,000,000		$ 2,270,000,000		$ 2,270,000,000