XML 75 R52.htm IDEA: XBRL DOCUMENT
v3.20.1

Mortgage Banking Activities, Net (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Mortgage Banking [Abstract] |
Mortgage Banking Activities | The following table presents the components of Mortgage banking activities, net, recorded in our consolidated statements of income (loss) for the three months ended March 31, 2020 and 2019. Table 19.1 – Mortgage Banking Activities
|  | Three Months Ended March 31,
(In Thousands) |  | 2020 |  | 2019
Residential Mortgage Banking Activities, Net |  |  |  |
Changes in fair value of: |  |  |  |
Residential loans, at fair value (1) |  | $ | 7,955 |  |  | $ | 14,844 |
Risk management derivatives (2) |  | (31,294 | ) |  | (4,138 | )
Other income, net (3) |  | 258 |  |  | 121 |
Total residential mortgage banking activities, net |  | (23,081 | ) |  | 10,827 |
Business Purpose Mortgage Banking Activities, Net: |  |  |  |
Changes in fair value of: |  |  |  |
Single-family rental loans, at fair value (1) |  | 11,808 |  |  | 1,744 |
Risk management derivatives (2) |  | (21,538 | ) |  | (846 | )
Residential bridge loans, at fair value |  | (3,934 | ) |  | 86 |
Other income, net (4) |  | 8,334 |  |  | 498 |
Total business purpose mortgage banking activities, net |  | (5,330 | ) |  | 1,482 |
Mortgage Banking Activities, Net |  | $ | (28,411 | ) |  | $ | 12,309 |
(1) | For residential loans, includes changes in fair value for associated loan purchase and forward sale commitments. For single-family rental loans, includes changes in fair value for associated interest rate lock commitments.
(2) | Represents market valuation changes of derivatives that were used to manage risks associated with our accumulation of loans.
(3) | Amounts in this line item include other fee income from loan acquisitions and the provision for repurchases expense, presented net.
(4) Amounts in this line item include other fee income from loan originations.

X
- Definition Tabular disclosure of the components of mortgage banking activities, net. This includes market valuations related to residential and commercial loans, retained Sequoia IOs, and mortgage banking derivatives, as well as realized gains or losses associated with residential and commercial loan sales and securitizations. + References No definition available. + Details
Name: | rwt_IncomeAndExpenseAttributableToMortgageBankingActivitiesTableTextBlock
Namespace Prefix: | rwt_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_MortgageBankingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration