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Business Purpose Residential Loans (Tables) | 6 Months Ended
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Jun. 30, 2020
Receivables [Abstract] |
Classifications and Carrying Value of Loans | The following table summarizes the classifications and carrying values of the residential loans owned at Redwood and at consolidated Sequoia and Freddie Mac SLST entities at June 30, 2020 and December 31, 2019. Table 6.1 – Classifications and Carrying Values of Residential Loans
June 30, 2020 |  |  |  | Legacy |  | Sequoia |  | Freddie Mac |  |
(In Thousands) |  | Redwood |  | Sequoia |  | Choice |  | SLST |  | Total
Held-for-sale at fair value |  | $ | 20,200 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 20,200 |
Held-for-investment at fair value |  | — |  |  | 304,632 |  |  | 2,064,388 |  |  | 2,145,111 |  |  | 4,514,131 |
Total Residential Loans |  | $ | 20,200 |  |  | $ | 304,632 |  |  | $ | 2,064,388 |  |  | $ | 2,145,111 |  |  | $ | 4,534,331 |
December 31, 2019 |  |  |  | Legacy |  | Sequoia |  | Freddie Mac |  |
(In Thousands) |  | Redwood |  | Sequoia |  | Choice |  | SLST |  | Total
Held-for-sale at fair value |  | $ | 536,385 |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 536,385 |
Held-for-investment at fair value |  | 2,111,897 |  |  | 407,890 |  |  | 2,291,463 |  |  | 2,367,215 |  |  | 7,178,465 |
Total Residential Loans |  | $ | 2,648,282 |  |  | $ | 407,890 |  |  | $ | 2,291,463 |  |  | $ | 2,367,215 |  |  | $ | 7,714,850 |
The following table summarizes the classifications and carrying values of the business purpose residential loans owned at Redwood at June 30, 2020 and December 31, 2019. Table 7.1 – Classifications and Carrying Values of Business Purpose Residential Loans
June 30, 2020 |  | Single-Family Rental |  |  |  | Residential |  |
(In Thousands) |  | Redwood |  | CAFL |  | Bridge |  | Total
Held-for-sale at fair value |  | $ | 379,795 |  |  | — |  |  | $ | — |  |  | $ | 379,795 |
Held-for-investment at fair value |  | — |  |  | 2,615,038 |  |  | 787,367 |  |  | 3,402,405 |
Total Business Purpose Residential Loans |  | $ | 379,795 |  |  | $ | 2,615,038 |  |  | $ | 787,367 |  |  | $ | 3,782,200 |
December 31, 2019 |  | Single-Family Rental |  |  |  | Residential |  |
(In Thousands) |  | Redwood |  | CAFL |  | Bridge |  | Total
Held-for-sale at fair value |  | $ | 331,565 |  |  | $ | — |  |  | $ | — |  |  | $ | 331,565 |
Held-for-investment at fair value |  | 237,620 |  |  | 2,192,552 |  |  | 745,006 |  |  | 3,175,178 |
Total Business Purpose Residential Loans |  | $ | 569,185 |  |  | $ | 2,192,552 |  |  | $ | 745,006 |  |  | $ | 3,506,743 |

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